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Russian oil group Sibneft has concluded a US$150mn three-year term loan through mandated arrangers LB Kiel and RZB. The US$150mn facility amortises after a nine-month grace period and is priced at 325bp over Libor. The two banks brought in offtaker Vitol as a lender. Proceeds from the latest facility, which is secured on receivables from Vitol, will be used for general purposes.