UniFuels Holdings Limited, a global marine fuel solutions provider based in Singapore, has successfully completed its first commercial paper issuance, raising $3m through the ADDX platform. The issuance was oversubscribed, indicating robust demand from accredited investors. The commercial paper, structured as short-term unsecured debt, was issued via ADDX’s digital investment platform, allowing UniFuels to diversify its funding sources and improve capital efficiency.
The proceeds from this issuance will be utilised for general working capital and to support UniFuels Singapore’s expanding operations across global trading hubs. Koh Kuan Hua, CEO of UniFuels, expressed satisfaction with the partnership with ADDX, stating, “This oversubscribed debut issuance is a strong signal of investor confidence in our business strategy and growth outlook.”
Inmoo Hwang, Group Managing Director of ADDX, highlighted the significance of the issuance, noting that it underscores UniFuels’ credibility and strategic direction. “We are pleased to support companies that take a disciplined approach to growth and capital access,” Hwang said.
This issuance marks a strategic milestone in UniFuels’ capital markets roadmap, as the company continues to leverage innovative infrastructure to support liquidity, working capital, and operational flexibility. Established in 2021, UniFuels has rapidly evolved into a dynamic company, delivering reliable fuel solutions across diverse markets and time zones, whilst supporting customers in achieving their operational and decarbonisation goals.
“`
