A sale by Credit Suisse of $5 Billion of bonds, which attracted significant demand, suggests the bank has been able to move on from this week's US guilty plea on aiding tax evaders, a report said.

Credit Suisse, which this week pleaded guilty to aiding tax evaders, leading to a $2.815 billion settlement with US authorities, has sold $5 billion worth of bonds in its first significant senior debt sale in more than three years, according to the Financial Times.

The publication said the sale was closely watched as a gauge of the debt market’s reaction to the bank’s guilty plea in the US.Yield-hungry investors appear to have bought the new bonds without penalising the Swiss bank by demanding high premiums on the securities, it said.

The bond sale, which included three tranches, attracted $10 billion of orders, the FT said, quoting unnamed sources. It said pricing was similar to that on senior debt sold this week by Deutsche Bank.

Commentators have argued that Credit Suisse’s woes in the US could have been far worse as Switzerland’s second largest bank did not lose banking licences, for example. In fact, in the morning after the bank’s statement came out about its US agreement, its shares rose.