Evergrande faces rising repayment pressure on its dollar-denominated bonds in the coming months, despite making several last-minute transfers in October that allowed the heavily indebted Chinese property company to narrowly avoid a default.

Investors and global markets will be watching for clues as to the eventual fate of the world’s most indebted property developer, which faces $8.1bn in interest and principal payments on its offshore bonds before the end of 2022 and has hundreds of projects across China.

Evergrande has not provided an official statement on its missed bond interest payments, several of which triggered 30-day grace periods for payment in September. Two of the payments were then made before the grace periods expired, including one late last week, according to people familiar with the matter.