1960 - 1995

In 1960, in celebration of the Henriquin commemorations, a loan was issued at 3.5% interest for the V Centenary of Infante D. Henrique.

 

Additionally, this year marked the establishment of the Public Debt Regularization Fund (FRDP), which replaced the Public Debt Amortization Fund established by Law 1933. The FRDP's main responsibilities included regulating the supply and demand of public debt securities in the secondary market. From 1988 onwards, it also managed revenues and expenditures related to privatization efforts and broader reforms in the state-owned enterprise sector.

 


To attract small savings, still in the 1960s, a new financial product was introduced—the Savings Certificate, Series A. Its issuance spanned from April 1961 to June 1986.

 


In 1977, the Public Credit Board intervened again through the enactment of Law 80/77, which established the procedures and methods for compensating indemnities and the payment terms for stocks of Public Limited Companies, Limited Liability Companies, or those related to agrarian reform, following nationalizations that occurred in 1975.

 

The 1977 State Budget anticipated creating loans for public and institutional investor subscriptions, leading to the emergence of Treasury Bonds for Public Investment Promotion (FIP). The issuance of such loans was once again entrusted to the Public Credit Board.


In July 1986, a new series (Series B) of financial products was launched, with issuance continuing until January 2008.