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Sterling Bank plans to raise up to $320m in fresh capital

Sterling BankSterling Bank said on Thursday it would seek shareholder approval on November 11, to raise up to $200 million in debt or equity.

The mid-tier bank also said it would issue up to 19.8 billion naira ($120.3 mln) worth of shares to a strategic investor via a private placement at 2.65 naira each.