Senior Debt (Tables)

3 Months Ended

Mar. 31, 2018

Senior debt is comprised of the following as of March 31, 2018 and December 31, 2017:

							Outstanding as of
	Initial			Annual			March 31, 2018						December 31, 2017
	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	$	2,417	$	497,583	$	500,000	$	2,647	$	497,353
Lazard Group 2025 Senior Notes		400,000	2/13/25		3.75	%		400,000		3,243		396,757		400,000		3,361		396,639
Lazard Group 2027 Senior Notes		300,000	3/1/27		3.625	%		300,000		3,510		296,490		300,000		3,609		296,391
Total							$	1,200,000	$	9,170	$	1,190,830	$	1,200,000	$	9,617	$	1,190,383

(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.