"We have plans to mop-up about 200 million dollars from overseas market," IDBI chairman GP Gupta told PTI here but declined to give details on the timings of the issue.

"We haven't finalised the timings of the issue," Gupta said but indicated that IDBI might not tap overseas market at least till june as it had only recently concluded a 100 million ECB.

The premier financial institution had raised $100 million through ECB by the end of the just concluded fiscal of 1998-99 and the proceeds would come to the country shortly.

The premier financial institution had lowered its prime lending rate in March by 50 basis points to 13.5 per cent aimed at increasing the credit offtake.

In addition to the ECB, the financial institution also plans tomobilise Rs 6,000 crore through public issues of bonds during 1999-2000.

Gupta said the Rs 6,000 crore mobilisation planned through public issue of bonds would be through its `umbrella prospectus' issue.

As per the umbrella prospectus, IDBI would apply the Securities and Exchange Board of India (Sebi) for one-time sanction to raise funds from public through separate issues.

Gupta said the institution has also plans to set up a new panel under one of its senior executive directors to monitor the institutions' resource mobilisation plans.

The panel would suggest ways to raise resources at minimum cost and in an efficient manner.

"As we enter the new millennium it is important for the institution to develop skills to raise resources taking advantage of the interest rate movements," the chairman said.

The panel on resource mobilisation would also keep a strong vigil to check asset-liability mismatch, he said.