HONG KONG (Reuters) ? A US$500 million, 10-year bond issue by property group Hongkong Land has attracted US$2 billion of orders, a market source said on Thursday.

Bermuda-registered Hongkong Land, the dominant landlord in Hong Kong's Central business district, sold the bonds on Wednesday at a spread of 115 basis points over comparable U.S. Treasuries. It was the company's second dollar bond issue.

The strong investor demand allowed the Singapore-listed company to raise issue size from an initial US$300 million and to price the deal at the tight end of the revised price guidance of 115-117 basis points over Treasuries.

The company initially set price guidance at between 115 and 120 basis points over. HSBC and JPMorgan were the lead managers for the transaction.

Hong Kong investors took 25 percent of the 10-year deal, Singapore clients accounted for 32 percent, European customers grabbed 37 percent and the remainder went to U.S. offshore accounts, the source said.

By investor type, asset managers took 46 percent, banks 38 percent, private banks nine percent and insurance companies seven percent.

Hongkong Land is part of conglomerate Jardine Matheson group.