Several bondholders of China Evergrande Group have received coupon payments from the severely indebted property developer, Chinese news source Cailianshe said Thursday, assuaging fears of a possibly destabilizing default.

According to the article, numerous bondholders have received interest payments on the three bond tranches due to making interest payments totaling more than $148 million last month but had a grace period that ended Wednesday.

Evergrande, the world's most indebted developer, has been struggling from deadline to deadline in recent weeks as it grapples with over $300 billion in liabilities, including $19 billion in international market bonds.

Failure to pay would have resulted in the company's formal default and triggered cross-default provisions on other Evergrande dollar debts, aggravating the world's second-largest economy's debt problem.

Evergrande could not be reached for comment immediately.