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. 2203 DATED 01 NOVEMBER 2010
QUEENSLAND TREASURY CORPORATION
ISSUE OF A$ 3,150,000.00 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$ 2,520,186,000.00 (A$ 766,883,000.00 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
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: QLDL00014
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: 103.892%
(ii) Dealers' fees and commissions paid by No fee or commission is payable in
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: 04 November 2010
(ii) Record Date (date on and from which 6 March / 6 September. Security will
security is Ex-interest): be 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 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 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 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 No
be 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: 11 December 2009
(iii) Stabilizing Manager(s) (if any): Not Applicable
21. If non-syndicated, name and address of Deutsche Capital Markets Australia
relevant Dealer: Ltd
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: 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: 5.46%
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) Not Applicable
other than 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 Not applicable
offer is subject;]
(iii) [Description of the Not applicable
application process;]
(iv) [Details of the minimum Not applicable
and/or maximum amount of
application;]
(v) [Description of Not applicable
possibility to reduce
subscriptions and manner
for refunding excess
amount paid by
applicants;]
(vi) [Details of the method Not applicable
and time limits for
paying up and delivering
the bonds;]
(vii) [Manner in and date on Not applicable
which results of the
offer are to be made
public;]
(viii) [Procedure for exercise Not applicable
of any right of
pre-emption,
negotiability of
subscription rights and
treatment of subscription
rights not exercised;]
(ix) [Categories of potential Not applicable
investors to which the
bonds are offered and
whether tranche(s) have
been reserved for certain
countries;]
(x) [Process for notification Not applicable
to applicants of the
amount allotted and the
indication whether
dealing may begin before
notification is made;]
(xi) [Amount of any expenses Not applicable
and taxes specifically
charged to the subscriber
or Purchaser;]
(xii) [Name(s) and address(es), None
to the extent know to the
Issuer, of the placers in
the various countries
where the offer takes
place.]