UPDATE 1-Independent rolls over bond deal for third time

* Group has sufficient funding during standstill period

* Talks ongoing; no UK publishing assets being disposed of

(Adds more detail)

DUBLIN, July 24 (Reuters) - Ireland's Independent News & Media (INME.I) has rolled over a standstill deal with lenders on a 200 million euro ($284 million) bond until August 27, the third extension in as many months.

Confirming an earlier Reuters story, the media group said on Friday the latest roll-over was meant to facilitate "constructive discussions" with holders of the senior bond.

But as deadlines keep passing by -- the bond was meant to be repaid in May -- investors are getting increasingly uneasy.

Shares in Independent, which is sagging under the weight of a 1.4 billion debt pile and a collapse in advertising, were down nearly 1 percent in late trade.

The company's shares have lost around 85 percent of their value over the past 12 months.

Independent has been selling businesses to try and shore up its balance sheet but the group said on Friday that none of its publishing assets in Ireland, the United Kingdom, South Africa and Australasia were being disposed of.

There has been persistent speculation that the group wants to offload its flagship UK newspaper, the Independent.

In the past month, it has raised 37 million euros from selling a stake in an online gambling business and cutting its interest in an Indian publishing group.

Independent has also proposed holding a "deeply discounted" rights offering which according to an industry source would raise up to 60 million euros if approved. [ID:nLM666059] (Reporting by Carmel Crimmins; Editing by Rupert Winchester)