Form 6-K

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

 

For the month of May, 2003

 

 

Cresud S.A.C.I.F. and A

(Exact name of Registrant as specified in its charter)

 

 

Republic of Argentina

(Jurisdiction of incorporation or organization)

 

 

Hipolito Yrigoyen 440, 3rd Floor, (1001)

Buenos Aires, Argentina

(Address of principal executive offices)

 

 

Form 20-F    x

 

Form 40-F    ¨

 

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

 

Yes    ¨

 

No    x

 


 

CRESUD S.A.C.I.F. and A

(THE “COMPANY”)

 

REPORT ON FORM 6-K

 

Attached is an English translation of summary of the payment notice of the first installment of interests related to the Company’s Convertible Notes in a principal amount of U$S 50,000,000, Due 2007


 

CRESUD S.A.C.I.F. y A. Convertible Notes in a principal amount of U$S 50,000.000, Due 2007

 

The Company informs that on May 14, 2003, started the payment to the holders of the first installment of interests related to the Convertible Notes issued on November 14, 2002.

 

Payment Agent:    The Bank of New York.

 

Payment date:    May 14, 2003

 

Payment hours:    From 10 am to 3 pm

 

Installment number:    First installment of interests

 

Period comprised by the payment:    November 14, 2002/ May 14, 2003

 

Concept of payment:    Interests

 

Payment currency:    United States Dollars

 

Percentage of Interest being paid:    4%

 

Annual Nominal Interest:    8.00%

 

Amount of interests being paid:    U$S 1,992,636.64

 

The interests will be paid to the people who were registered, with the Register Agent, as holder of the Convertible Notes, on April 29, 2003.


 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

 

 

    

CRESUD S.A.C.I.F. and A

By:

  

/S/    SAÚL ZANG

    
    

Name: Saúl Zang

    

Title: Second Vice Chairman of the Board of Directors

 

 

Dated: May 15, 2003