(Yicai Global) June 27 -- The People's Bank of China conducted its second central bank bills for perpetual bonds swap today, handing out CNY2.5 billion (USD363.3 million) in one-year bonds at a fixed rate of 0.25 percent.

The central bank began the scheme -- the Central Bank Bill Swap or CBS -- last year, allowing investors to more easily liquidate their perps. The first such swap was on Feb. 20 and involved CNY1.5 billion worth of bills.

Editor: James Boynton