Royal Bank of Canada (TSX:RY) announced that it will raise $1,721,000 in a round of funding on January 11, 2014. The company will issue non-convertible corporate debt pursuant to exemption provided under Regulation D. The transaction will include participation from 18 investors. The minimum investment accepted from any outside investor is $100,000. RBC Capital Markets, LLC and Credit Suisse Securities (USA) LLC will act as placement agent to the company and will receive sales commissions $18,071.

On January 24, 2014, the company amended the terms of the transaction. The company announced that it will raise additional $6,200,000 in this transaction. The additional proceeds will be raised from 21 investors. RBC Capital Markets, LLC and Credit Suisse Securities (USA) LLC will act as placement agent to the company and will receive sales commissions $64,480 for the additional proceeds.

As of February 3, 2014, the company received $6,200,000 from 21 investors in its first tranche.