Article 1 of Implementing Decision 2011/344/EU is amended as follows:
paragraph 1 is replaced by the following:
‘1.The Union shall make available to Portugal a loan amounting to a maximum of EUR 26 billion, with a maximum average maturity of 12,5 years. The maturity of individual tranches of the loan may be of up to 30 years.’;
paragraph 5 is replaced by the following:
‘5.Portugal shall pay the cost of funding of the Union for each tranche.’.