Bank of China says has no exposure to Dubai World

BEIJING Nov 27 (Reuters) - The Bank of China (3988.HK) (601988.SS) has no exposure to bonds issued by Dubai World or by the emirate's government and related sovereign agencies, a spokeswoman for the state-owned lender said on Friday.

Dubai, part of the oil-exporting United Arab Emirates, said on Wednesday it would ask creditors of state-owned Dubai World to agree to a standstill on billions of dollars of debt as a first step towards restructuring.

Dubai World, the conglomerate that led the emirate's expansion, had $59 billion of liabilities as of August, most of Dubai's total debt of $80 billion.

Bank of China's overseas branches had no direct credit business with Dubai World, the spokeswoman said.

She said the bank was investigating the potential impact of the standstill request on other parts of the bank's business and would closely monitor associated risk. (Reporting by Xie Heng and Alan Wheatley; Editing by Ken Wills) ((alan.wheatley@thomsonreuters.com; +86 10 6627 1235; alan.wheatley.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))