During 2013-2014 (up to July 16, 2013), 18 states have raised Rs. 401.2 billion on a gross basis (net amount of Rs. 252.3 billion) compared with Rs. 419.8 billion (net amount of Rs. 369.6 billion) raised by 20 states during the corresponding period of the previous year. The weighted average yield eased to 7.98 per cent up to July 16, 2013 from 9.01 per cent during the corresponding period of the previous year.