The government of Oman has issued a new round of treasury bills worth OMR 8 million ($20.8 million) to boost liquidity.

The short-term financial instruments offer an average yield of 4.2%, the state-owned Oman News Agency said on Monday. The average discount rate is 4.19%.

The proceeds of the bills, which have a maturity period of 91 days, will be used to finance the government's recurrent expenditures.

The issuance is managed by the Central Bank of Oman.

(Writing by Cleofe Maceda; editing by Seban Scaria) seban.scaria@lseg.com