One Default Averted: China Railway Materials Makes 6.8 B Yuan in Payments

Back in April, Bloomberg: China Railway Materials Seeks Debt Restructuring Amid Bond Halt
China Railway Materials said in a Monday filing that it had suspended trading on its 16.8 billion yuan ($2.6 billion) of outstanding notes as it studies debt repayment issues. The firm had interest-bearing debt of 34.2 billion yuan and its debt-to-asset ratio was 87.8 percent at the end of September 2015, according to its filings.
See also SCMP: China Railway Materials hits bond brake as company sputters in slowing economy

The company has been paying maturing debt on time thus far.

Sina: 国资委:中国铁物按时兑付年内到期68亿元债券
As of August 13, 6.8 billion yuan bonds maturing during the year have been paid on schedule, effective maintenance of the central corporate credit markets and investors confidence.
Still leaves 10 billion to go.

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