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Carlyle Group, the US private equity firm, has mandated Citigroup and Taipei Fubon Commercial Bank to arrange a tightly priced NT$30bn ($936m) loan to support its leveraged buy-out of Eastern Multimedia Co, EuroWeek hears. Carlyle's acquisition of the cable television company has been on the cards since it agreed to sell its stake in Taiwan Broadband Communications to a unit of Australia's Macquarie Bank at the end of last year. Macquarie's investment in that company was finally approved by Taiwanese regulators this month, freeing up Carlyle to complete its investment in EMC.

The first commitment on the $300m dual currency financing for two Chinese subsidiaries of AU Optronics was received yesterday (Thursday). ABN Amro, Bank of Tokyo-Mitsubishi UFJ, HSBC and Standard Chartered are the mandated lead arrangers.

China is pressing ahead with plans to turn its postal savings system into a bank, after cabinet members this week added their support to reforms proposed by the country's banking regulator.