Emissions of Chinese developers in real estate can be traded KaisaTuesday’s stoppage was the second one in two weeks, due to problems in China’s property market.

As it was unable to pay its recent repayments, the developer found itself in debt.  It looked unlikely that it met its $400 million offshore debt deadlineAccording to Reuters on Tuesday.

Kaisa halted trading in early November for nearly three weeksAfter receiving news about a late payment on a wealth-management product, it decided to cancel.

The latest trading stop was not prompted by any immediate reasons. Kaisa announced in late November it was restructuring offshore debt payments by offering investors new bonds of $380million. The current due date for the bonds is 2023. Original bonds in U.S. dollars were valued at $400 million.

Last week however, the bondholders were not able to make an exchange offer. The bondholders may have the option to purchase new Kaisa bonds, which could then be exchanged with equity from some listed units. Analysts believe that Kaisa is more likely to default if it fails to make a deal.

Among Chinese developers, Kaisa is the second-largest issuer of U.S. dollar-denominated offshore high-yield bonds, according to French investment bank Natixis. EvergrandeThe world’s largest real estate developer is ranked first.

Kaisa shares dropped by 20% during the month.

EvergrandeThe spotlight was once again on, which is currently in the midst of a debt crisis. it looked likely to officially default for the first time. There was still no word from the developer on whether it has paid $82.5 million worth of interest — the 30-day grace period ended Monday.

It would be the first time that the firm formally defaults if so, as it has managed to make the last few interest payments at the eleventh hour — within the grace period deadline.