Evergrande has been stumbling from one deadline to another in recent weeks as it wrestles with over $300 billion in liabilities, with $19 billion of these being international market bonds. 

Chinese media outlet Cailianshe reported on Thursday that several bondholders had received interest payment of the three bond tranches, worth a total of $148 million, that had been due last month. Evergrande made the payments on Wednesday, at the very end of a 30-day grace period. This was also the case with two separate offshore coupon payments due in late September with the grace period for these ending late last month. 

Had Evergrande failed to meet the payments then the result would have been a formal default by the company which would have led to cross-default provisions for other Evergrande dollar bonds. This would have exacerbated the debt crisis that is looming over the second-largest economy in the world. 

While Evergrande has managed to avoid default again, concerns in the property sector showed no signs of letting up as other blocks of substantial debt approach. Evergrande has coupon payments totalling over $255 million due at the end of December.