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. 2179 DATED 27 APRIL 2010
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$ 2,693,000.00 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$3,914,104,000.00 (A$770,039,000.00 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 Number: QLDL00017
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 AUD ("A$")
Currencies:
4. (i) Issue price: 102.361%
(ii) Dealers' fees and No fee or commission is payable in
commissions 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: 30 APRIL 2010
(ii) Record Date (date on and 6 February / 6 August. security will
from which Security is be ex-interest on and from 7
Ex-interest): 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 Not Applicable
Centre(s) or 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) Not Applicable
(if any):
21. If non-syndicated, name and The Toronto Dominion Bank
address of relevant Dealer: Level 24
9 Castlereagh 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$20,000,000,000 Global A$ 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: AAA
Moody's: Aaa
An obligation rate 'AAA' by S&P has
the highest credit rating assigned
by Standard & Poor's. The obligor's
capacity to meet its financial
commitment on the obligation is
extremely 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: 5.62%
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 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 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.]