The Republic of Austria wins Best Sovereign Investor Relations Team for its exceptional 2025 communication and outreach, marked by clear, transparent and proactive engagement that sustained strong demand despite volatile markets and domestic challenges. Its tightly integrated IR and debt management approach delivered record oversubscription, improved secondary liquidity, and highly effective diversification, including a successful return to the CHF market. Leadership in sustainable finance, supported by best-in-class ESG reporting and targeted global and retail investor engagement, further set Austria apart and cemented its award win.