Deutsche Bank delivered an exceptional performance in European debt capital markets in 2025, marked by scale, innovation, and consistent execution. In the CHF market, it achieved a record year with over CHF9bn in issuance and an 18% market share, overcoming regulatory and market headwinds while leading landmark deals such as Zurich’s first 100-year bond and Austria’s first CHF green sovereign benchmark, earning Best CHF Bookrunner/Dealer. Across Europe, it reinforced its leadership through major transactions for the EU, BNP Paribas, and Siemens, securing Best European Bookrunner/Dealer. In the EUR MTN private placement space, its structuring expertise, investor reach, and client-focused approach drove standout inaugural and innovative deals for issuers including the OPEC Fund, JDE Peet’s, AT&T, and EDF, culminating in the Best EUR MTN Private Placement Dealer award.