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SHORT-TERM AND LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2021
Long-term Debt, by Current and Noncurrent [Abstract]  
Schedule of long-term debt
(in thousands of $)20212020
Long-term debt:  
5.75% senior unsecured convertible bonds due 2021
— 212,230 
NOK700 million senior unsecured floating rate bonds due 2023
79,507 81,572 
4.875% senior unsecured convertible bonds due 2023
137,900 139,900 
NOK700 million senior unsecured floating rate bonds due 2024
78,939 80,989 
NOK600 million senior unsecured floating rate bonds due 2025
61,334 62,927 
7.25% senior unsecured sustainability-linked bonds due 2026
150,000 — 
Lease debt financing126,955 — 
Borrowings secured on Frontline shares15,639 15,639 
U.S. dollar denominated floating rate debt due through 20291,253,481 1,070,137 
Total debt principal1,903,755 1,663,394 
Less: unamortized debt issuance costs
(14,541)(14,325)
Less: current portion of long-term debt
(302,769)(484,956)
Total long-term debt1,586,445 1,164,113 
Schedule of maturities of debt
The outstanding debt as of December 31, 2021, is repayable as follows:
Year ending December 31,(in thousands of $)
2022302,769 
2023672,974 
2024350,226 
2025304,687 
2026170,247 
Thereafter102,852 
Total debt principal1,903,755 
Schedule of interest rate information
Interest rate information
December 31, 2021December 31, 2020
Weighted average interest rate*2.68 %2.91 %
US Dollar LIBOR0.21 %0.24 %
Norwegian Interbank Offered Rate ("NIBOR")0.95 %0.49 %

*The weighted average interest rate is for floating rate debt denominated in U.S. dollars and Norwegian kroner (“NOK”) which takes into consideration the effect of related interest rate swaps.