The BC Government has announced another Asian bond issue – this time in India – and reinvested all the money generated into an Indian housing corporation. This has people like us scratching our heads. From my Twitter feed this morning:

• I'm no investment banking wizard, but the BC Gov's continuing dalliance in asian markets seems odd to me. #bcpoli
• Do we want $97.5m taxpayer $ dependent on the solvency of an Indian corporation doing housing financing? #bcpoli
• Why couldn't the Indian corp use its triple-A credit rating and just tap the financial marketplace itself for capital? #bcpoli
• I think this is the 3rd (?) set of Asian bonds the BC Gov has issued - & immediately tied that capital up in Asian markets. Why? #bcpoli
• Any investment experts out there scratching their heads at this? #bcpoli
• "[BC finds] imaginative ways to invest in India to help it [build] needed infrastructure." Er, why? #bcpoli