(Adds details on BP, Anadarko purchases, byline)
By Jennifer Ablan
NEW YORK, June 16 Bill Gross, the co-chief
investment officer of PIMCO, said on Wednesday that he recently
bought $100 million of short-maturing BP Plc (BP.L) (BP.N)
notes and some Anadarko Petroleum (APC.N) paper.
Gross told Reuters via email that he purchased BP paper and
"some Anadarko, which is a 20 percent owner," in recent days.
He earlier told CNBC television: "BP 5-year bonds yield 6
to 7 percent, BP 12-month paper yields 10 to 11 percent. This
is either a double-A company or a triple-C company depending
upon the caps and the ultimate cost."
Gross said on CNBC: "At this point, if you can get 10
percent on one-year paper on BP, we think it's closer to
double-A than triple-C. That's a significant (thing). We
started to buy some."
Gross told Reuters in a follow-up question that he bought
six- to 12-month Anadarko notes. Asked about whether he will
add more BP and Anardarko securities, he said: "Future
purchases are market and event-dependent."
Gross helps oversee more than $1 trillion in assets at
(Editing by Chizu Nomiyama)