Senior Debt (Tables)

12 Months Ended

Dec. 31, 2021

Senior debt is comprised of the following as of December 31, 2021 and 2020:

							Outstanding as of
	Initial			Annual			December 31, 2021						December 31, 2020
	Principal Amount		Maturity Date	Interest Rate(a)			Principal		Unamortized Debt Costs		Carrying Value		Principal		Unamortized Debt Costs		Carrying Value
Lazard Group 2025 Senior Notes	$	400,000	2/13/25		3.75	%	$	400,000	$	1,476	$	398,524	$	400,000	$	1,948	$	398,052
Lazard Group 2027 Senior Notes		300,000	3/1/27		3.625	%		300,000		2,015		297,985		300,000		2,405		297,595
Lazard Group 2028 Senior Notes		500,000	9/19/28		4.50	%		500,000		5,716		494,284		500,000		6,568		493,432
Lazard Group 2029 Senior Notes		500,000	3/11/29		4.375	%		500,000		5,566		494,434		500,000		6,338		493,662
Total							$	1,700,000	$	14,773	$	1,685,227	$	1,700,000	$	17,259	$	1,682,741

(a)

The effective interest rates of Lazard Group’s 3.75% senior notes due February 13, 2025 (the “2025 Notes”), Lazard Group’s 3.625% senior notes due March 1, 2027 (the “2027 Notes”), Lazard Group’s 4.50% senior notes due September 19, 2028 (the “2028 Notes”) and Lazard Group’s 4.375% senior notes due March 11, 2029 (the “2029 Notes”) are 3.87%, 3.76%, 4.67% and 4.53%, respectively.

Debt Maturities Relating to Senior Borrowings Outstanding

Debt maturities relating to senior borrowings outstanding at December 31, 2021 for each of the five years in the period ending December 31, 2026 and thereafter are set forth in the table below.

Year Ending December 31,
2022 - 2024	$	-
2025		400,000
2026		-
Thereafter		1,300,000
Total	$	1,700,000