assets as al 31 5. Tecno Ltd issued K 15 million, 12% convertible debt on 1 January, 2019 par value. The debt is redeemable at a premium of 10% in 3 years time. The market interest rate on pure debt of this nature without conversions rights would be 15%. The debt can be converted to into 300 ordinary shares on 31 December, 2019 Required: Calculate the amount of the net issue proceeds of the convertible debentures attributable to the debt and equity components. (6 Marks)