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/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. 2169 DATED 22 DECEMBER 2009
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$ 5,100,000.00 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$3,899,004,000.00 (A$800,538,000.00 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 U.S. 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
11, 2009, which constitutes a base prospectus dated December 15, 2009 for the
purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus
Directive") and the U.S. Prospectus dated December 10, 2009 (together, the
"Prospectus"), 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
Original Prospectus 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
(iii) Commonwealth Guarantee: Applicable
(iv) Guarantee Eligibility Certificate QLDL00017
Number:
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: 104.354%
(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
Fixed Interest Distribution Group
Operational Guidelines.
5. Specified Denominations: A$1,000
6. (i) Issue Date: 23 December 2009
(ii) Record Date (date on and from 6 February / 6 August. Security
which security is Ex-interest): will be ex-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 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 Centre(s) or Not Applicable
other special provisions relating
to Payment Dates:
18. Talons for future Coupons or No
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: 11 December 2009
(iii) Stabilizing Manager(s) (if any): Not Applicable
21. If non-syndicated, name and Westpac Banking Corporatio
address of relevant Dealer: Level 4
255 Elizabeth 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: 5.32%
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 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 results Not applicable
of the offer are to be made public;]
(viii) [Procedure for exercise of any right Not applicable
of pre-emption, negotiability of
subscription rights and treatment of
subscription rights not exercised;]
(ix) [Categories of potential investors Not applicable
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.]