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. 2196 DATED 08 OCTOBER 2010
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$500,000.00 GLOBAL A$ 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$4,919,810,000.00 (A$935,390,000.00 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
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 prospectus supplement 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: QLDL00016
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 Currencies: AUD ("A$")
4. (i) Issue price: 102.664%
(ii) Dealers' fees and commissions paid by No fee or commission is payable in respect of the issue of the bond(s)
Issuer: 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: 11 OCTOBER 2010
(ii) Record Date (date on and from which 6 June / 6 December. Security will be ex-interest on and from
security is Ex-interest): 7 June / 7 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
Redemption/Payment Basis: Not Applicable
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):
(Applicable to bonds in definitive form) A$30 per A$1,000 in nominal amount
(iv) Determination Date(s): Not Applicable
(v) Other terms relating to the method of
calculating interest for Fixed Rate Bonds: None
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 for taxation reasons or on
event of default and/or the method of
calculating the same: Not Applicable
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 provisions relating to Payment
Dates: Not Applicable
18. Talons for future Coupons or Receipts
to be attached to Definitive Bonds
(and dates on which such Talons mature): No
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 underwriting commitments: Not Applicable
(ii) Date of Dealer Agreement: 11 DECEMBER 2009
(iii) Stabilizing Manager(s) (if any): Not Applicable
21. If non-syndicated, name and address of Westpac Banking Corporation
relevant Dealer: Level 4,
255 Elizabeth Street
Sydney NSW 2000
22. Whether TEFRA D or TEFRA C rules
applicable or TEFRA rules not applicable: TEFRA 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$20,000,000,000.00 Global A$ 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: 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: 4.90%
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 Depositary
Trust Company, Euroclear Bank S.A./N.V. and
Clearstream Banking, societe anonyme and the
relevant identification number(s): Not Applicable
(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 application;] Not applicable
(v) [Description of possibility to reduce
subscriptions and manner for refunding
excess amount paid by applicants;] Not applicable
(vi) [Details of the method and time limits
for paying up and delivering the bonds;] Not applicable
(vii) [Manner in and date on which results
of the offer are to be made public;] Not applicable
(viii) [Procedure for exercise of any right
of pre-emption, negotiability of
subscription rights and treatment of
subscription rights not exercised;] Not applicable
(ix) [Categories of potential investors to
which the bonds are offered and whether
tranche(s) have been reserved for certain
countries;] Not applicable
(x) [Process for notification to applicants
of the amount allotted and the indication
whether dealing may begin before
notification is made;] Not applicable
(xi) [Amount of any expenses and taxes
specifically charged to the subscriber or
Purchaser;] Not applicable
(xii) [Name(s) and address(es), to the
extent know to the Issuer, of the placers in
the various countries where the offer takes
place.] None