QTC Green Bonds - QTC Website

Overview

Proceeds from QTC green bonds are allocated against qualifying green projects and assets for the State of Queensland that support Queensland’s pathway to climate resilience and an environmentally sustainable economy. In response to an evolving green bond market, QTC’s Green Bond Framework facilitates the issuance of both:

Climate Bonds Initiative (CBI) Certified Green Bonds, and
Green bonds that accord with the International Capital Market Association (ICMA) Green Bond Principles.

Details can be found in the QTC Green Bond Framework. The QTC Green Bond Framework has been developed in line with the Green Bond Principles and is consistent with the Climate Bonds Standard. It has been reviewed by DNV, an independent third party, who has provided an assurance opinion confirming accordance with the ICMA Green Bond Principles.

Eligible Projects and Assets

The net proceeds of both categories of Green Bonds may be allocated to existing, new and ongoing eligible projects and assets that have an environmental benefit associated with the State of Queensland. Eligible project and asset guidelines are set out in the QTC Green Bond Framework.

Allocation of Proceeds

The net proceeds of QTC Green Bonds may be allocated against eligible projects and assets that have an environmental benefit associated with the State of Queensland. This may include proceeds used for partially or wholly financing or re-financing new and existing eligible projects and assets. Details on allocation of proceeds and the eligible projects can be found in the QTC Green Bond Annual Report 2023.

Key Features

QTC Green Bond Framework

All QTC Green Bonds must comply with the QTC Green Bond Framework

Assurance

QTC’s Green Bond Framework is in accordance with the ICMA Green Bond Principles and is consistent with the Climate Bonds Standard
DNV Annual Verification Opinion (May 2023)
DNV External Review Opinion of QTC’s Green Bond Framework

Government guaranteed

All of QTC’s obligations under all debt securities issued by QTC are guaranteed by the Queensland Government

Certification

QTC’s 2024 Green Bond has achieved CBI Certification
QTC’s 2029 Green Bond has achieved CBI Certification
QTC’s 2031 Green Bond has achieved CBI Certification
QTC’s 2032 Green Bond has achieved CBI Certification
QTC’s 2033 Green Bond has achieved CBI Certification

Reporting

Tax status

Exempt from Australian interest withholding tax

QTC Green Bonds outstandings

Maturity*	Coupon	ISIN	Credit rating**	Outstandings AUD million
22 March 2024	3.00%	AU000XQLQAD1	AA+/Aa1	750
6 March 2029	2.50%	AU3SG0001928	AA+/Aa1	1,730
10 March 2031	1.25%	AU3SG0002371	AA+/Aa1	1,500
2 March 2032	1.50%	AU3SG0002561	AA+/Aa1	3,065
9 March 2033	4.50%	AU3CB0297547	AA+/Aa1	3,500

*144A eligibility. **Ratings by S&P Global and Moody’s Investors Service respectively. Credit ratings should not be taken as recommendations by a rating agency to buy, sell or hold securities (including the QTC Green Bonds). They may be revised, suspended or withdrawn at any time by the rating agency.

THIS WEBPAGE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES. This webpage does not constitute an offer of any securities for sale into the United States. The QTC Green Bonds will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.