Article 1
Article 1 of Implementing Decision 2011/344/EU is amended as follows:
1. 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.
;
2. paragraph 5 is replaced by the following:
5.
Portugal shall pay the cost of funding of the Union for each tranche.
.