I think the IMF owns most of the bonds, which are now worthless which they probably had planned for
Norman, the IMF owns about 10% of the Greek debt. Most is actually owned by the European Financial Stability Facility (EFSF). This is a large fund, backed by 14 European governments that raised this capital by issuing bonds. These bonds were purchased by the following investor classes:
Commercial Banks: 39%
Central Banks and governments : 30%
Mutual funds/Hedge funds: 23%
Pensions: 7%
Other: 1%
Most of the funding came from Euro denominated countries, only 2% came from the Americas.
As for Pete, the UK and Switzerland combined kicked in 16%
As for the value of these bonds, they continue to trade in the financial markets, however, they valued off the "full faith and credit" of the 14 guarantor nations, and not the prospects of Greece itself. As a result these instruments currently maintain a rating of AA-.
