The debt capital market (Debt Capital Market, DCM) enables corporations and governments to raise capital through the issuance of bonds and other debt instruments. This is a list of the top players per region:

• Bank of America Securities ($BAC (-0.32%))
• Is not only the largest player in North America, but also globally. It remained in second place for global issue volumes and fee income and rose in the rankings for high-yield bonds in the USA from 5th to 3rd place.

• Erste Group ($EBS (-2.42%))
• supported Central and Eastern Europe with significant deals such as the issuance of € 600 million sustainability-linked bonds for CEZ ($CEZ (-0.2%)) and green bonds of 500 million euros for Ceske drahy.

• Deutsche Bank ($DBK (-1.8%))

secured outstanding deals in Europe, including a 2.5 billion US dollar bond from the European Bank for Reconstruction and Development and a 3.3 billion US dollar bond offer from the German Stock Exchange ($DB1 (-2.06%)).