The oldest oil trading company in DIFC completes its debut bond issuance in Kazakhstan
United Arab Emirates, May 5, 2026 — On March 30, 2026, Translux Limited successfully completed the placement of its debut $20 million bond issue with a 14% annual coupon, denominated in US dollars. Translux Limited is the oldest oil trading company in DIFC.
Translux Limited has been operating for more than 20 years and specializes in marine fuel bunkering at sea. The company purchases fuel in bulk from leading international suppliers, including BP and Vitol, and delivers it directly to vessels offshore. Over the years, Translux has served thousands of vessels and built long-term relationships with major global container shipping companies, including MSC, Maersk, and CMA CGM. The company generates approximately $120 million in annual turnover and around $7.5 million in net profit, with...