By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Thursday said its offer price for its proposed 19.8 billion naira private placement will go for 2.65 naira per share, according to a report by Reuters.

As earlier reported, shareholders of bank will meet on November 11, 2014 to deliberate and approve plans by the lender to raise the 19.8 billion naira ($200 million) via a special or private placement to strategic investors.