Rattler Corp. issued 5,000 convertible bonds on January 1, 2018, which mature on December 31, 2022. Each $1,000 bond is convertible into 5 common shares at the option of the investor. The bonds have a stated rate of 6%, payable semi-annually on June 30 and Dec 31, and were issued at an effective rate of 5%. Similar bonds, without the conversion feature have an effective rate of 8%.

What is the total cash received by Rattler Corp. for the issuance of this bond on January 1, 2018?