Dubai not seeking preference status in Dubai World

DUBAI Feb 22 (Reuters) - The government of Dubai is not seeking preferred creditor status in the restructuring process of state-owned and debt-laden conglomerate Dubai World [DBWLD.DU], a spokeswoman said on Monday.

"All creditors, including the government, will be treated on an equal basis," a government spokeswoman told Reuters.

Dubai World is still negotiating the terms of a $22 billion debt restructuring plan. The conglomerate rocked global markets on Nov. 25 with plans to request a delay in repaying $26 billion in debt linked to its main property units Nakheel and Limitless World.

Abu Dhabi newspaper The National earlier in February reported the Dubai government, acting through the Dubai Financial Support Fund (DFSF), planned to take Dubai World security against future aid, making the fund a preferred creditor in the event of an insolvency.

Earlier on Monday, the National reported that the Dubai government would "take its share of any exposure" in the restructuring of Dubai World, citing a person familiar with the talks between the conglomerate and its creditors.

"If it (helping international banks to recover from the Dubai World restructuring) will be at the expense of the Government of Dubai, then so be it," the source told the National.

"That stops short of saying they [the banks] will get full recovery, but it means the government will take its share of any exposure," the source said.

(Reporting by Nicolas Parasie; Editing by Valerie Lee)