Evergrande Pays The Coupon Before The Deadline On Friday: Sources

According to the New York Times, which cited a bondholder, China Evergrande Group, which has until Friday to make a payment on a bond that was due on September 29, has made a payment on that bond. The company's cash shortage, which came on top of more than $300 billion in liabilities, sparked widespread concern that it could lead to systemic risks.

Evergrande, once China's top-selling developer, is in debt to the tune of more than $300 billion, prompting concerns about the impact of the company's demise on the world's second-largest economy and global markets. Evergrande almost escaped a costly default last week when it received $83.5 million for a last-minute bond interest payment.