HONG KONG (Reuters – Chinese property bond prices remained steady on Tuesday, after coupon payments were made by two developers. But the market remained vigilant on China Evergrande Group’s possible default.

China’s central bank made comments to bond markets on Friday and Sunday, stating that Evergrande debt issues had no spillover effect on banks and that China was doing well.

Sunac China, due to pay $27.14million Tuesday, has paid its bondholders.

This source declined to identify herself as she was not authorized to talk to the media. Sunac representatives did not respond immediately to a request for comment.

Kaisa Group announced Monday that it had paid the Oct. 16 coupon and plans to transfer funds for the Oct. 22 coupon of $35.85million.

Evergrande is China’s largest lender. Global markets have been impacted by the liquidity crisis at Evergrande, China’s No. 2 developer. It has $300 billion of debt and has failed to make a number of bond payments. Chinese property developers are particularly notorious for issuing high-yield bonds.

A Evergrande bond due March 23 2022 is officially in default. If the company fails to make payment within a grace period of 30 days for missed coupon payments that were due Sept. 23, 2022, it will become in default.

Modern Land 2022 Bonds, which gained Tuesday on Tuesday, bounced more than 8% to 40.250 Cents on the Dollar while Central China Real Estate’s Central China 2024 Bonds rose over 5% and to 44.843 Cents.

Sinic Holdings, a smaller developer defaulted Monday on bonds worth $246 million. This was as expected. Last week it had warned about the default, stating that it does not have sufficient resources.