On January 1, 2017, Cullumber Ltd. issued 710 3-year, 5% convertible bonds at par of $930, with interest payable each December 31. Each bond is convertible into 50 common shares, and the current fair value of each common share is $6 per share. Similar straight bonds carry an interest rate of 7%. Calculate the PV of the debt component by itself. How should Blossom record the issuance if it follows IFRS?