• Reuters

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Cash-strapped real-estate developer China Evergrande Group has averted a destabilizing default at the last minute for the third time in the past month, with a source saying Thursday several bondholders had received overdue coupon payments.

Evergrande, the world’s most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with more than $300 billion in liabilities, $19 billion of which are international market bonds.

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