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BORROWINGS
 6 Months Ended
Jun. 30, 2024
Borrowings [abstract]  
Borrowings NOTE 5 - BORROWINGS
30 June
30 June
31 December
USDm
2024
2023
2023
Falling due within one year
175.7
197.3
172.5
Falling due between one and two years
153.3
166.7
146.5
Falling due between two and three years
146.5
148.5
147.2
Falling due between three and four years
116.2
136.4
110.8
Falling due between four and five years
327.5
225.7
119.8
Falling due after five years
350.3
286.4
370.1
Total
1,269.5
1,161.0
1,066.9
Borrowing costs
-16.3
-13.5
-13.9
Right-of-use lease liabilities
4.8
6.2
6.6
Total borrowings
1,258.0
1,153.7
1,059.6
The senior unsecured bond issue of USD 200m in January 2024 was successfully listed on the Oslo Stock
Exchange in June 2024.
As of 30 June 2024, TORM was in compliance with financial covenants. TORM expects to remain in
compliance with financial covenants in the remaining period of 2024.