Enron Corp. - University of California | Office of The President

instance:
790. Deutsche Bank acted as an underwriter for billions of dollars of Enron securities. For
DATE SECURITY
1/97 6 million shares 8-1/8% Enron capital preferred shares at $25 per share
2/99 27.6 million shares Enron common stock at $31.34 per share
2/01 $1.9 billion Enron zero coupon convertible notes
791. In addition, Deutsche Bank acted as underwriter of billions of dollars of other Enron-
related securities. For instance:
DATE SECURITY
9/99 Osprey Trust, Osprey I, Inc. $1,400,000,000 8.31% Senior Secured
Notes
8/00 Enron Credit Linked Notes Trust $500,000,000 8% Enron Credit
Linked Notes
9/00 Osprey Trust, Osprey I, Inc. $750,000,000 7.797% Senior Secured
Notes; and i315,000,000 6.375% Senior Secured Notes
7/01 Marlin Water Trust II, Marlin Water Capital Corp. II $475,000,000
6.31% Senior Secured Notes; and i515,000,000 6.19% Senior
Secured Notes
792. Deutsche Bank also acted as a lead underwriter in the Azurix IPO on 6/9/99, selling
38.5 million shares at $19. This offering allowed Enron to sell at least 19.5 million shares of Azurix
stock obtaining $370 million of badly needed capital.
793. During the Class Period, Deutsche Bank was also one of the principal commercial
lending banks to Enron, acting with CitiGroup as a lead bank on Enron's main credit facilities,
loaning over a billion dollars to Enron, while helping to syndicate over $4 billion in bank loans to
Enron or related entities. For instance:
- 525 -