On this day, 32 years ago, on December 10, 1993 (October 27, 1993 in the lunar calendar), ICBC successfully issued bonds in Japan. On December 10, 1993, Industrial and Commercial Bank of China issued 15 billion yen of publicly offered Samurai bonds for the first time on the Tokyo Capital Market in Japan, which was welcomed by various Japanese securities companies, banking circles and investors. All the foreign exchange funds raised were in place. The Japanese yen public bond issued by ICBC this time has a term of 5 years, a coupon rate of 34%, and is issued at par value. This is the best interest rate level for China to issue bonds in Japan in recent years. The funds raised from the bond issuance will mainly be used for the development of oil and natural gas in the South China Sea.