Query on Financial instrument treatment under ind-As

Dear All

Need your guidance for treatment under IND-AS for below query :

A limited issue 100 14% Optionally convertible debentures having face value of 1000 each for a period for 3 year to B limited

Interest is to be paid on semi-annually basis subject availability of funds in Co.

Co. Is taking 8% for fair valuation.

Debentures to be redeemed or converted into 100 equity shares at the end of 3 year at the option of B limited.