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 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 and the U.S.
Prospectus for a description of the specific terms and conditions of the
particular series of bonds.
FINAL TERMS NO. 2155 DATED 06 OCTOBER 2009
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$12,000,000.00 GLOBAL A$ BONDS
GUARANTEED BY THE TREASURER ON BEHALF OF THE GOVERNMENT OF QUEENSLAND
UNDER THE A$20,000,000,000 GLOBAL A$ BOND FACILITY
ISSUED ON A CONSOLIDATED BASIS WITH THE GLOBAL A$ BONDS DUE 2017
CURRENTLY TOTALING A$ 2,370,242,000.00 (A$ 703,029,000.00 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 December
14, 2005 and the US Prospectus dated December 17, 2004 (together, the "Original
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 (together, the
"Prospectus") 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 Original Prospectus 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: 2017
(to be consolidated and form a single series with
QTC 6% Global A$Bonds due 14
September 2017, ISIN US748305BG31)
3. Specific Currency or Currencies: AUD ("A$")
4. (i) Issue price: 102.526%
(ii) Dealers' fees and commissions paid by Issuer: No fee or commission is payable in 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: 07 October 2009
(ii) Record Date (date on and from which security is 6 March / 6 September. Security will be ex-interest
Ex-interest): on and from 7 March / 7 September.
(iii) Interest Payment Dates: 14 March / 14 September
7. Maturity Date: 14 September 2017
8. Interest Basis: 6 per cent Fixed Rate
9. Redemption/Payment Basis: Redemption at par
10. Change of Interest Basis or Redemption/Payment Not Applicable
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 March and 14 September 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 method of calculating None
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) payable on redemption Not Applicable
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 Centre(s) or other special Not Applicable
provisions relating to Payment Dates:
18. Talons for future Coupons or Receipts to be No
attached to Definitive Bonds (and dates on which
such Talons mature):
19. Other terms or special conditions: Not Applicable
(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 addresses of Managers and Not Applicable
underwriting commitments:
(ii) Date of Dealer Agreement: 06 October 2009
(iii) Stabilizing Manager(s) (if any): Not Applicable
21. If non-syndicated, name and address of relevant Royal Bank of Canada DS Global Markets
Dealer: Level 18
167 Macquarie Street
Sydney NSW 2000
22. Whether TEFRA D or TEFRA C rules applicable or TEFRA Not Applicable
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 restrictions: Not Applicable
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$20,000,000,000 Global A$ 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: Aa1
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.
An obligation rated 'Aa1' by Moody's has the second
highest long term credit rating assigned by Moody's.
Obligations rated 'Aa1' are judged to be of high
quality and are subject to very low 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: 5.6600%
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: US748305BG31
(ii) Common Code: 027594204
(iii) CUSIP Code: 748305BG3
(iv) Any clearing system(s) other than Depositary Trust Not Applicable
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 subject;] Not applicable
(iii) [Description of the application process;] Not applicable
(iv) [Details of the minimum and/or maximum amount of Not applicable
application;]
(v) [Description of possibility to reduce Not applicable
subscriptions and manner for refunding excess
amount paid by applicants;]
(vi) [Details of the method and time limits for paying Not applicable
up and delivering the bonds;]
(vii) [Manner in and date on which results of the offer Not applicable
are to be made public;]
(viii) [Procedure for exercise of any right of Not applicable
pre-emption, negotiability of subscription rights
and treatment of subscription rights not
exercised;]
(ix) [Categories of potential investors to which the Not applicable
bonds are offered and whether tranche(s) have been
reserved for certain countries;]
(x) [Process for notification to applicants of the Not applicable
amount allotted and the indication whether dealing
may begin before notification is made;]
(xi) [Amount of any expenses and taxes specifically Not applicable
charged to the subscriber or Purchaser;]
(xii) [Name(s) and address(es), to the extent know to None
the Issuer, of the placers in the various
countries where the offer takes place.]