(Reuters] – China Evergrande Group has reached its final payment deadline for a September 29th payment. This payment is due Friday, according to the New York Times.

Global concern was raised by Evergrande’s liquidity crisis against its liabilities of more than $300 Billion.

The New York Times reported https://www.nytimes.com/live/2021/10/28/business/news-business-stock-market that the company made an interest payment that had been due on Sept 29, citing a person speaking on condition of anonymity.

Evergrande secured $83.5million for last-minute interest payments on bonds. The payment is reported to have been made after Evergrande avoided a serious default. It has boosted confidence in the company that it may not be going bankrupt.

Evergrande was once China’s most-sold developer. It now has more than $300 billion of liabilities. This raises concerns about its future and the effects it will have on the second largest economy in the world as well as global markets.

Evergrande was required to pay a coupon payment of $47.5 million by Friday. This was due Sept. 29, on the bond’s March 2024 issue.