Convertible bonds

Hi,
Ques – An entity issues 2% convertible bonds at their nominal value of
$36,000. Interest is payable annually in arrears.
The bonds are convertible at any time up to maturity into 40 ordinary
shares for each $100 of bond. Alternatively the bonds will be
redeemed at par after 3 years.
Similar non-convertible bonds would carry an interest rate of 9.1%.
The present value of $1 payable at the end of year, based on rates
of 2% and 9.1% are as follows:
End of year 2% 9.1%
1 0.98 0.92
2 0.96 0.84
3 0.94 0.77
What amounts will be shown as a financial liability and as
equity when the convertible bonds are issued?
What amounts will be shown in the statement of profit or loss
and statement of financial position for years 1–3?

My question – Can you please explain why 36k was booked under Current liabilities here? because technically there is no where mentioned that it will be converted within an year ?