Evergrande Again Averts Default by Paying Delayed Interest (2)

China Evergrande Group again averted a default in its biggest test since a liquidity crunch at the property developer began earlier this year, just as the nation’s efforts to limit fallout from the crisis gather steam.

Customers of international clearing firm Clearstream received overdue interest payments on three dollar bonds issued by Evergrande, a spokesperson for Clearstream said. Two investors who hold two of the notes confirmed that they received the payments, asking not to be identified because they weren’t authorized to speak publicly.

The embattled developer had to make the coupon payments totaling $148.1 million before the end of ...