Ohh, my mistake you mean the liability no longer being on the...

Ohh, my mistake you mean the liability no longer being on the balance sheet so equity increases, got you.

I found this:
'The bonds will have a face value of $100, will pay a coupon of 9% per annum, payable quarterly in arrears and have a maturity date of 15th May 2018.
The options will be issued to the initial investors under the bond issue in the ratio of one option for every $2.00 of bonds subscribed for by those investors, and will have a four year term and an exercise price of $1.30.'

So I guess around a 2.7m interest saving as well pushing up NPAT in FY19.