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. 2157 DATED 5 NOVEMBER 2009
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$ 1,272,000.00 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 2013
CURRENTLY TOTALING A$3,882,732,000.00 (A$790,838,000.00 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
4, 2001 and the US Prospectus dated March 9, 2000 (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: 2013
(to be consolidated and form a single series
with QTC 6% Global A$Bonds due 14
August 2013, ISIN US748305BD00)
3. Specific Currency or Currencies: AUD ("A$")
4. (i) Issue price: 102.952%
(ii) Dealers' fees and commissions paid by No fee or commission is payable in respect
Issuer: 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: 9 November 2009
(ii) Record Date (date on and from which 6 February / 6 August. Security will be ex-
security is Ex-interest): interest on and from 7 February / 7 August.
(iii) Interest Payment Dates: 14 February / 14 August
7. Maturity Date: 14 August 2013
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 February and 14 August 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 None
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) payable on Not Applicable
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 Centre(s) or other Not Applicable
special 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 Not Applicable
Managers and underwriting commitments:
(ii) Date of Dealer Agreement: 4 November 2009
(iii) Stabilizing Manager(s) (if any): Not Applicable
21. If non-syndicated, name and address of Deutsche Capital Markets Australia
relevant Dealer: Level 18, Grosvenor Place
225 George Street
Sydney NSW 2000
22. Whether TEFRA D or TEFRA C rules TEFRA Not Applicable
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 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: 5.54%
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: US748305BD00
(ii) Common Code: 014569359
(iii) CUSIP Code: 748305BD0
(iv) Any clearing system(s) other than Depositary Not Applicable
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 subject;] Not applicable
(iii) [Description of the application process;] Not applicable
(iv) [Details of the minimum and/or maximum Not applicable
amount of 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 Not applicable
paying up and delivering the bonds;]
(vii) [Manner in and date on which results of the Not applicable
offer are to be made public;]
(viii) [Procedure for exercise of any right of pre- Not applicable
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.]