Filed Pursuant to Rule 424 (b)(3)
Registration No. 333-121263
APPLICABLE FINAL TERMS
Set out below is the form of final terms (which will constitute a "pricing
supplement" for purposes of any offers or sales in the United States or to U.S.
persons) which will be completed for each tranche of bonds offered and sold
pursuant to this prospectus supplement/base prospectus and the U.S. Prospectus.
The bonds may be issued in one or more series as we may authorize from time to
time. Prospective investors should refer to the applicable prospectus
supplement/base prospectus and the U.S. Prospectus for a description of the
specific terms and conditions of the particular series of bonds.
FINAL TERMS NO. 2124 DATED 4TH MAY 2009
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$ 1,900,000.00 GLOBAL A$ BONDS
GUARANTEED BY THE TREASURER ON BEHALF OF THE GOVERNMENT OF QUEENSLAND
UNDER THE A$20,000,000,000.00 GLOBAL A$ BOND FACILITY
ISSUED ON A CONSOLIDATED BASIS WITH THE GLOBAL A$ BONDS DUE 2011
CURRENTLY TOTALING A$4,791,118,000.00 (A$ 2,094,895,000.00 INCLUDING BUY BACKS)
PART A--CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of
the Terms and Conditions set forth in the prospectus supplement dated March 14,
2000 and the base prospectus dated March 9, 2000 (together, the "Prospectus")
(the "Terms and Conditions"). This document constitutes the final terms (which
will constitute a "pricing supplement" for purposes of any offers or sales in
the United States or to U.S. persons) of the bonds described herein for the
purposes of Article 5.4 of the Prospectus Directive (as defined below) and must
be read in conjunction with the prospectus supplement dated December 12, 2008,
and the US Prospectus dated December 10, 2007 which constitutes a base
prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC)
(the "Prospectus Directive") (hereinafter, the "prospectus supplement"), save in
respect of the Terms and Conditions which are incorporated by reference herein.
Full information on the Issuer, the guarantor and the offer of the bonds is only
available on the basis of the combination of this document, the prospectus
supplement and the Prospectus. Copies of the prospectus supplement and the
Prospectus are available for viewing free of charge at the Head Office of the
Issuer, Minerals & Energy Centre, 61 Mary Street, Brisbane, Queensland 4000,
Australia, and copies may be obtained from the listing agent, Deutsche Bank
Luxembourg S.A., 2 Boulevard Konrad Adenauer, L-1115 Luxembourg. The final terms
(which will constitute a "pricing supplement" for purposes of any offers or
sales in the United States or to U.S. persons) will be published on the
Luxembourg Stock Exchange's website.
[Include whichever of the following apply or specify as "Not Applicable"
(N/A). Note that the numbering should remain as set out below, even if "Not
Applicable" is indicated for individual paragraphs or subparagraphs. Italics
denote directions for completing the final terms (which will constitute a
"pricing supplement" for purposes of any offers or sales in the United States or
to U.S. persons).]
[When adding any other final terms or information at, for example, item 19
of Part A or in relation to disclosure relating to the interests of natural and
legal persons involved in the issue/offer in Part B consideration should be
given as to whether such terms or information constitute "significant new
factors" and consequently trigger the need for a supplement to the Prospectus
under Article 16 of the Prospectus Directive.]
1. (i) Issuer: Queensland Treasury Corporation
(ii) Guarantor: The Treasurer on behalf of the
Government of Queensland
2. Benchmark line: 2011
(to be consolidated and form a single
series with QTC 6% Global A$Bonds due
14 June 2011, ISIN US748305BC27)
3. Specific Currency or AUD ("A$")
Currencies:
4. (i) Issue price: 106.808%
(ii) Dealers' fees and commissions No fee or commission is payable in
paid by Issuer: respect of the issue of the bond(s)
described in these final terms (which
will constitute a "pricing supplement"
for purposes of any offers or sales in
the United States or to U.S. persons).
Instead, QTC pays fees and commissions
in accordance with the procedure
described in the QTC Offshore and
Onshore Fixed Interest Distribution
Group Operational Guidelines.
5. Specified Denominations: A$1,000
6. (i) Issue Date: 06 MAY 2009
(ii) Record Date (date on and from 6 June / 6 December. Security will be
which security is ex-interest on and from 7 June / 7
Ex-interest): December.
(iii) Interest Payment Dates: 14 June / 14 December
7. Maturity Date: 14 June 2011
8. Interest Basis: 6 per cent Fixed Rate
9. Redemption/Payment Basis: Redemption at par
10. Change of Interest Basis or Not Applicable
Redemption/Payment Basis:
11. (i) Status of the Bonds: Senior and rank pari passu with other
senior, unsecured debt obligations of
QTC
(ii) Status of the Guarantee: Senior and ranks pari passu with all
its other unsecured obligations
12. Method of distribution: Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13. Fixed Rate Note Provisions
Applicable
(i) Rate(s) of Interest: 6 per cent per annum payable
semi-annually in arrears
(ii) Interest Payment Date(s): 14 June and 14 December in each year
up to and including the Maturity Date
(iii) Fixed Coupon Amount(s): A$30 per A$1,000 in nominal amount
(Applicable to bonds in
definitive form)
(iv) Determination Date(s): Not Applicable
(v) Other terms relating to the None
method of calculating
interest for Fixed Rate
Bonds:
PROVISIONS RELATING TO REDEMPTION
14. Final Redemption Amount: A$1,000 per bond of A$1,000 Specified
Denomination
(NB: If the Final Redemption Amount is
other than 100 per cent. of the
nominal value the bonds will be
derivative securities for the purposes
of the Prospectus Directive and the
requirements of Annex XII to the
Prospectus Directive Regulation will
apply and the Issuer will prepare and
publish a supplement to the
Prospectus)
15. Early Redemption Amount(s) Not Applicable
payable on redemption for
taxation reasons or on
event of default and/or the
method of calculating the
same:
GENERAL PROVISIONS APPLICABLE TO THE BONDS
16. Form of Bonds: Permanent Global Note not exchangeable
for Definitive Bonds
17. Additional Financial Not Applicable
Centre(s) or other special
provisions relating to
Payment Dates:
18. Talons for future Coupons No
or Receipts to be attached
to Definitive Bonds (and
dates on which such Talons
mature):
19. Other terms or special Not Applicable
conditions:
(When adding any other final terms
consideration should be given as to
whether such terms constitute
"significant new factors" and
consequently trigger the need for a
supplement to the Prospectus under
Article 16 of the Prospectus
Directive)
DISTRIBUTION
20. (i) If syndicated, names and Not Applicable
addresses of Managers and
underwriting commitments:
(ii) Date of Dealer Agreement: 04 MAY 2009
(iii) Stabilizing Manager(s) (if Not Applicable
any):
21. If non-syndicated, name and Westpac Banking Corporation
address of relevant Dealer: Level 4
255 Elizabeth Street
Sydney NSW 2000
22. Whether TEFRA D or TEFRA C TEFRA Not Applicable
rules applicable or TEFRA
rules not applicable:
23. Non exempt Offer Not Applicable
(N.B. Consider any local regulatory
requirements necessary to be fulfilled
so as to be able to make a non-exempt
offer in relevant jurisdictions. No
such offer should be made in any
relevant jurisdiction until those
requirements have been met. Non-exempt
offers may only be made into
jurisdictions in which the base
prospectus (and any supplement) has
been notified/passported.)
24. Additional selling Not Applicable
restrictions:
LISTING APPLICATION
These final terms (which will constitute a "pricing supplement" for
purposes of any offers or sales in the United States or to U.S. persons)
comprises the details required for issue and admission to trading on the
Luxembourg Stock Exchange regulated market and admission to the Official List of
the Luxembourg Stock Exchange of bonds described herein pursuant to the
A$20,000,000,000.00 Global A$ Bond Facility of Queensland Treasury Corporation.
RESPONSIBILITY
The Issuer and the Guarantor accept responsibility for the information
contained in these final terms (which will constitute a "pricing supplement" for
purposes of any offers or sales in the United States or to U.S. persons).
Signed on behalf of the Issuer:
By:
---------------------------------
Duly authorized
PART B--OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i) Listing Bourse de Luxembourg.
(ii) Admission to trading: Application has been made by the
Issuer (or on its behalf) for the
bonds to be admitted to trading on the
regulated market of the Bourse de
Luxembourg with effect from the Issue
Date.
(Where documenting a fungible issue
need to indicate that original
securities are already admitted to
trading.)
2. RATINGS
Ratings: The bonds to be issued have been
rated:
S&P: AA+
Moody's: AAA
An obligation rated 'AA+' by S&P has
the second highest long term credit
rating assigned by Standard & Poor's
and differs from the highest rated
obligations by only a small degree.
The obligor's capacity to meet its
financial commitment on the obligation
is very strong.
Obligations rated 'AAA' by Moody's are
judged to be of the highest quality
with minimal credit risk.
A credit rating is not a
recommendation to buy, sell or hold
securities and may be revised or
withdrawn by the rating agency at any
time. Each rating should be evaluated
independently of any other rating.
(The above disclosure should reflect
the rating allocated to bonds issued
under the bond facility generally or,
where the issue has been specifically
rated, that rating.)
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealers, so far as the Issuer is aware, no
person involved in the issue of the bonds has an interest material to the
offer.--Amend as appropriate if there are other interests] [(When adding any
other description, consideration should be given as to whether such matters
described constitute "significant new factors" and consequently trigger the need
for a supplement to the prospectus supplement under Article 16 of the Prospectus
Directive.)]
4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the Offer: See "Use of Proceeds" section in the
prospectus supplement--if reasons for
offer different from making profit
and/or hedging certain risks will need
to include those reasons here.
(ii) Estimated net proceeds: Not Applicable.
(If proceeds are intended for more
than one use will need to split out
and present in order of priority. If
proceeds insufficient to fund all
proposed uses state amount and sources
of other funding.)
(iii) Estimated total expenses: Not Applicable.
[Expenses are required to be broken
down into each principal intended
"use" and presented in order of
priority of such "uses".]
5. YIELD
Indication of yield: 3.7800%
Calculated as 7 basis points less than
the yield on the equivalent A$
Domestic Bond issued by the Issuer
under its Domestic A$ Bond Facility on
the Trade Date.
The yield is calculated at the Trade
Date on the basis of the Issue Price.
It is not an indication of future
yield.
6. OPERATIONAL INFORMATION
(i) ISIN Code: US748305BC27
(ii) Common Code: 010926238
(iii) CUSIP Code: 748305BC2
(iv) Any clearing system(s) other than Not Applicable
Depositary Trust Company,
Euroclear Bank S.A./N.V. and
Clearstream Banking, societe
anonyme and the relevant
identification number(s):
(v) Delivery: Delivery free of payment
(vi) Names and addresses of additional [_____]
Paying Agent(s) (if any):
7. TERMS AND CONDITIONS OF THE OFFER
(i) Offer Price; Not applicable
(ii) [Conditions to which the offer is Not applicable
subject;]
(iii) [Description of the application Not applicable
process;]
(iv) [Details of the minimum and/or Not applicable
maximum amount of application;]
(v) [Description of possibility to Not applicable
reduce subscriptions and manner
for refunding excess amount paid
by applicants;]
(vi) [Details of the method and time Not applicable
limits for paying up and
delivering the bonds;]
(vii) [Manner in and date on which Not applicable
results of the
offer are to be made public;]
(viii) [Procedure for exercise of any Not applicable
right of pre-emption,
negotiability of subscription
rights and treatment of
subscription rights not
exercised;]
(ix) [Categories of potential Not applicable
investors to which the bonds are
offered and whether tranche(s)
have been reserved for certain
countries;]
(x) [Process for notification to Not applicable
applicants of the amount allotted
and the indication whether
dealing may begin before
notification is made;]
(xi) [Amount of any expenses and taxes Not applicable
specifically charged to the
subscriber or Purchaser;]
(xii) [Name(s) and address(es), to the None
extent know to the Issuer, of the
placers in the various countries
where the offer takes place.]