Nairobi, March 3 -- The stock of outstanding Kenyan Eurobonds has grown by Sh236 billion after the country's latest issuance, revealing growing liabilities from sovereign bonds even as the National Treasury emphasizes focus on cheaper financing.

Kenya's total Eurobonds rose from Sh1.132 trillion ($8.78 billion) to a high of Sh1.368 trillion ($10.61 billion) after the sale of a Sh290.2 billion ($2.25 billion) dual-tranche Eurobond last month.

The new issuance includes a Sh116.1 billion ($900 million) paper priced at 7.875 percent, which matures in three equal instalments in 2032, 2033, and 2034.

The second tranche of the Eurobond is a Sh174.1 billion ($1.35 billion) paper which has an 8.7 percent coupon and matures in three equal instal...