David Hayward

David's experience includes advising:

Equity Capital Markets

• The underwriters in Alpha Data’s US$163 million initial public offering (2025)
• The bookrunners on the US$12.35 billion secondary public offering of shares of Saudi Aramco (2024)
• The underwriters in connection with the US$451 million initial public offering of Investcorp Capital plc (2023)
• The underwriters in connection with the initial public offering of TECOM Group PJSC(2022)

Debt Capital Markets

• The dealers and managers in connection with the update of the Arab Bank for Economic Development in Africa (BADEA) euro medium term note program and an issuance of €750 million notes thereunder (2025)
• Emirates REIT in connection with:
  • the issuance of US$205 million secured trust certificates due 2028 issued by Emirates REIT Sukuk Limited (2024); and
  • a consent solicitation and exchange offer of US$400 million certificates due 2022 issued by Emirates REIT Sukuk Limited for US$380 million secured certificates due 2024 issued by Emirates REIT Sukuk II Limited (2022)
• The dealers in connection with the updates of Saudi Aramco's GMTN and sukuk programs and the managers in connection with the issuance of (i) US$6 billion notes under the GMTN program and (ii) US$3 billion certificates under the Sukuk program (2024)
• The dealers and managers in connection with the updates of the Federal Government of the United Arab Emirates GMTN program and issuances totaling US$6 billion notes thereunder (2022, 2023, and 2024) 
• The joint bookrunners in relation to the debut offering of US$350 million senior secured guaranteed green notes due 2028 by FIVE Holdings (BVI) Limited (FIVE) (2023) 
• The Government of Dubai’s public debt management office in connection with the establishment of its sukuk program (2023) 
• Dar Al-Arkan in connection with the update of its US$2.5 billion sukuk program and an issuance of US$600 million trust certificates thereunder (2023)
• BAPCO Energies in connection with multiple updates of its US$3 billion GMTN program and US$3 billion sukuk program, together with various issuances and tender offers thereunder (2023 and 2025)
• Vår Energi in connection with the establishment of its €3 billion EMTN program and multiple issuances thereunder (2023 and 2025)
• The dealers and managers in connection with the update of the Kingdom of Saudi Arabia's Rule 144A compliant GMTN and sukuk programs, as well as multi-tranche issuances of notes under the programs totaling US$17 billion (2020-2021)*
• The dealers and managers in connection with the establishment of the government of Maldives’ inaugural US$1 billion sukuk program, the issuance of US$300 million trust certificates thereunder and the related tender offer of US$250 million existing notes (2021)*
• The dealers and managers in connection with the annual updates of an international Bank's US$22.5 billion EMTN program and a number of drawdowns thereunder (2019-2021)*
• The dealers and managers on the update of Emirates Islamic Bank’s US$2.5 billion sukuk program and the issuance of US$500 million certificates thereunder (2021)*
• The dealers on the establishment of Investcorp S.A.’s US$3 billion EMTN program (2021)*
• Saudi National Bank on its debut US$1.25 billion international AT1 issuance (2021)*, the first USD AT1 from the Kingdom of Saudi Arabia, as well as its SAR4.2 billion AT1 sukuk issuance and redemption of existing domestic sukuk (2020)*
• The managers on Boubyan Bank’s US$500 million AT1 sukuk issuance and its tender offer of US$250 million existing notes (2021)*
• Alinma Bank on its SAR5 billion AT1 sukuk issuance (2021)*
• The dealers and managers on Ahli Bank’s debut US$300 million AT1 notes issuance (2021)*
• The dealers and managers in connection with the establishment of Riyad Bank’s US$3 billion sukuk program and the issuance of US$1.5 billion fixed rate reset tier 2 certificates thereunder, the first USD tier 2 issuance from the Kingdom of Saudi Arabia (2020)*
• The dealers and managers on the establishment of Kuwait International Bank’s sukuk issuance program and issuance of US$300 million fixed rate reset tier 2 certificates thereunder (2020)*
• The dealers in connection with the update of Barwa Bank's US$2 billion sukuk program(2020)*
• Banque Saudi Fransi on its SAR5 billion AT1 sukuk issuance (2020)*
• Roma FC on its €300 million high-yield notes issuance (2019)*
• A refinery company on the refinancing of US$2 billion indebtedness comprising high-yield notes, a term loan, and a borrowing base facility (2019)*

*Matter handled prior to joining Latham & Watkins