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Tap Air Portugal increases bond offering to 400 million euros

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Tap Air Portugal has increased its bond offering from an original EUR 350 million to EUR 400 million.

This is the maximum amount approved by the government for raising debt. The proceeds from the bond offering will be used to repay debt due on November 8. This measure is part of the airline's efforts to ensure its financial stability following the strains of the COVID-19 pandemic.

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