ICBC says has no exposure to Dubai World bonds

BEIJING Nov 27 (Reuters) - Industrial & Commercial Bank of China (ICBC) (1398.HK)(601398.SS) has no exposure to bonds issued by Dubai World, a spokesman for the world's most valuable lender said on Friday.

Two of ICBC's domestic rivals, Bank of China (3988.HK) (601988.SS) and Bank of Communications (601328.SS)(3328.HK), said earlier on Friday they also had no exposure.

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. (Reporting by Michael Wei 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))