Senior Debt (Tables)

3 Months Ended

Mar. 31, 2017

Senior debt is comprised of the following as of March 31, 2017 and December 31, 2016:

							Outstanding as of
	Initial			Annual			March 31, 2017						December 31, 2016
	Principal Amount		Maturity Date	Interest Rate(a)			Principal		Unamortized Debt Costs		Carrying Value		Principal		Unamortized Debt Costs		Carrying Value
Lazard Group 2020 Senior Notes		500,000	11/14/20		4.25	%	$	500,000	$	3,339	$	496,661	$	500,000	$	3,569	$	496,431
Lazard Group 2025 Senior Notes		400,000	2/13/25		3.75	%		400,000		3,714		396,286		400,000		3,833		396,167
Lazard Group 2027 Senior Notes		300,000	3/1/27		3.625	%		300,000		3,904		296,096		300,000		3,998		296,002
Total							$	1,200,000	$	10,957	$	1,189,043	$	1,200,000	$	11,400	$	1,188,600

(a)

The effective interest rates of Lazard Group’s 4.25% senior notes due November 14, 2020 (the “2020 Notes”), Lazard Group’s 3.75% senior notes due February 13, 2025 (the “2025 Notes”) and Lazard Group’s 3.625% senior notes due March 1, 2027 (the “2027 Notes”) are 4.43%, 3.87% and 3.76%, respectively.