Dubai says aid to Dubai World on commercial terms

* username: rupertbu

Dubai said on Friday that aid given to Dubai World [DBWLD.UL] was on commercial terms, after a report that collateral for further aid was delaying a deal to address the conglomerate's unmanageable debt burden.

The Dubai Financial Support Fund (DFSF) has given the company, which is trying to reach a standstill agreement with creditors on delaying $22 billion in debt, about $6.2 billion over the past 12 months and stands ready to provide "considerably more", a spokeswoman said.

"This money was made available to the DFSF on commercially reasonable terms, and the DFSF has endeavoured to advance these funds to the company on a commercial basis," the spokeswoman, who spoke on customary anonymity said.