Bill Gross of PIMCO Buys BP Debt

Author's Avatar
Jun 17, 2010
Just the world of investment community seem to desert BP, Bill Gross of PIMCO is embracing it. Gross said Pimco owns small amounts debt and is attracted to the 12-month notes that are yielding 10 percent.

"We think it's closer to double-A then triple-C, We think it's significant value and we've started to buy some.” Gross said.