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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 August, 2003

 

 

Irsa Inversiones y Representaciones Sociedad Anónima

(Exact name of Registrant as specified in its charter)

 

 

Irsa Investments and Representations Inc.

(Translation of registrant´s name into English)

 

 

Republic of Argentina

(Jurisdiction of incorporation or organization)

 

 

Bolívar 108

(C1066AAB)

Buenos Aires, Argentina

(Address of principal executive offices)

 

Form 20-F  þ  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  þ

 

 

 

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IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA

(THE “COMPANY”)

 

 

REPORT ON FORM 6-K

 

 

Attached is an English translation of the summary of the letter dated August 26, 2003 filed by the Company with the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores related to Company’s US$37,380,000 Series 03 Secured Notes due 2009 (the “Notes).

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By letter dated August 26, 2003, the Company reported that all the real estate properties that served as collateral of the Company’s US$ 37,380,000 Series 03 Secured Notes due 2009 (the “Real Estate Properties”) were substituted by other real estate properties (the “Substitute Real Estate Properties”) with the consent of all the holders of the Notes. In that sense the Company and the holders executed the necessary public deed in order to: (i) implement the granting in favor of the holders of the Notes of a first priority mortgage in respect of the Substitute Real Estate Properties and, (ii) cancel and discharge the original mortgages over the Real Estate Properties.

 

This substitution process was performed in accordance to the procedure set forth in the Fourth Supplemental Indenture related to the Notes.

 

As a result of the above mentioned process the Notes are secured by a first priority mortgage on the following real estate properties (the Substitute Real Estate Properties):

 

Real estate properties		Value (according the Independent Appraiser)		Square meters
Puerto del Centro – Cossentini 340		$2,400,000		620
Prourban – Av. Del Libertador 450, floor 18º		$28,000,000		6,521
Laminar – Ing. Butty 240, floors 16º to 20º		$23,270,000		5,436
Currency exchange $2,80 per dollar		US$19,167,800

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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.

 

 

 

Dated: August 26, 2003