Debt management will become its own department in the State Treasury’s organisational reform that takes effect on 1 January, 2025. The new department will be led by Anu Sammallahti.
Anu Sammallahti has a long experience working in finance both from the private and public sectors. She joined the State Treasury in 2001 and has since 2010 held a variety of leadership roles in funding, liquidity management, and investor relations. For the past couple of months, she has served as the acting director of the current Finance Division. In her new role, Ms Sammallahti will join the State Treasury’s management group.
Finland’s funding plan for 2025 has just been announced. With a net borrowing requirement of EUR 12.4 billion, the gross borrowing requirement amounts to EUR 42 billion.
The funding strategy remains more or less the same as in 2024 given the similarity in funding amounts. Three new euro benchmark syndications can be expected, out of which the first is likely in Q1. Roughly 55% of the gross funding required will be funded in long-term maturities, and the rest will be covered with short-term Treasury bills.
Jussi Tuulisaari appointed acting Head of Funding
Starting from next year, the State Treasury’s current Finance Division will be reorganised into two departments, Debt Management and Loans and Guarantees. The Debt Management department has a staff of approximately 30 and consists of these three units:
- Funding & Liquidity Management
- Risk Control & Legal
- Back Office & Development
Jussi Tuulisaari has been appointed acting Head of Funding from 1 January, 2025. The position became vacant as Juha Savolainen will retire from the State Treasury early next year.
More information:
Anu Sammallahti, Director of Finance, Head of Debt Management, tel. +358 295 50 2575