The information contained on this website does not constitute an offer of securities for sale in the United States, Australia, Canada, Hong Kong, Japan, Singapore or any other jurisdiction where to do so would be unlawful. No securities have been, or will be, registered under the US Securities Act of 1933, as amended, and no securities may be offered or sold, directly or indirectly, within the United States, or to, or for the account or benefit of any U.S. persons (as such terms are defined in Regulation S under the Securities Act).

Nothing on this website constitutes an invitation or offer to sell, or the solicitation of an invitation or offer to buy any securities issued by the Employment Fund. The information contained within this website is provided by the Employment Fund in good faith and is for reference purposes only.

Go to content.
Stock news

The Employment Fund has refinanced revolving credit facilities

STOCK NEWS 11.3.2022 16.05

Stock Exchange Release
Employment Fund
March 11, 2022 at 16.05

The Employment Fund has refinanced revolving credit facilities (RCF).

The Fund has signed on March 11, 2022 revolving credit facility agreements totalling EUR 600 million. The transactions were made with the following banks:

  • Nordea Bank ABP
  • Skandinaviska Enskilda Banken AB (publ)
  • Svenska Handelsbanken AB (publ), Branch Operation in Finland
  • Swedbank AB (publ)

The maturity of the RCF’s is five years supplemented by an extension option for one year. The execution of the extension option requires contribution of the banks involved.

Based on the legislation, the Employment Fund has the capacity to withdraw debt financing. The RCF’s may be utilized to finance the Fund’s statutory responsibilities, if needed. The Fund has had revolving credit facilities totalling EUR 800 million and these facilities have been cancelled on March 11, 2022.


Helsinki, 11 March 2022
Employment Fund
Tapio Oksanen
Chief Financial Officer

Additional information:

Janne Metsämäki, Managing Director, +358 40 522 3614
Tapio Oksanen, Chief Financial Officer, +358 40 539 4651


About Työllisyysrahasto

The Employment Fund brings comfort in the changes of the working life. We collect the unemployment insurance contributions that are among other things financing the earnings-related unemployment benefits and urging forward the innovation of learning with the adult education allowance.


Categories: Employment Fund