UPDATE 4-Rosneft near full jumbo loan repayment with new deal

(Recasts with company's confirmation)

By Dmitry Zhdannikov and Christopher Mangham

MOSCOW/LONDON, July 17 (Reuters) - Russia's most indebted oil company Rosneft (ROSN.MM) said on Thursday it had raised a $2.85 billion export-backed loan and put aside cash to start repaying $7.3 billion of debts ahead of schedule.

Russia's largest oil producer said in a statement it had already repaid over $5 billion and would redeem another $2.3 billion in September, the last outstanding part of a $22 billion bridge loan -- one of the world's biggest ever -- it took last year to acquire assets of bankrupt rival YUKOS.

Rosneft's stock rose 3.7 percent, outperforming the broader RTS index and the MICEX oil and gas index .MCXOG.

"We are pleased with both our debt reduction and refinancing, particularly in light of difficult financial market conditions over the past 12 months," Rosneft President Sergei Bogdanchikov said in a statement.

The export-backed loan was organised by Deutsche Bank with oil exports used as collateral -- the favourite type of financing by state-controlled Rosneft, which has no public debt despite its repeated promises to tap the Eurobond market.

The five-year deal pays a margin of 125 basis points (bps) over LIBOR, slightly more than the 95 bps margin the borrower paid on its previous $3.425 billion, five-year loan in April.

The loan was provided by 13 lenders in a club deal, meaning the facility was not openly syndicated but was put together by the borrower's relationship banks, a banking source told Reuters Loan Pricing Corp.