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Senior Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Senior Debt | Senior debt is comprised of the following as of December 31, 2022 and 2021:
|  |  |  |  |  |  |  |  |  |  |  | Outstanding as of |
|  | Initial |  |  |  |  | Annual |  |  | December 31, 2022 |  |  | December 31, 2021 |
|  | 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 |  |  | $ | 1,003 |  |  | $ | 398,997 |  |  | $ | 400,000 |  |  | $ | 1,476 |  |  | $ | 398,524 |
Lazard Group 2027 Senior Notes |  |  | 300,000 |  |  | 3/1/27 |  |  | 3.625 | % |  |  | 300,000 |  |  |  | 1,625 |  |  |  | 298,375 |  |  |  | 300,000 |  |  |  | 2,015 |  |  |  | 297,985 |
Lazard Group 2028 Senior Notes |  |  | 500,000 |  |  | 9/19/28 |  |  | 4.50 | % |  |  | 500,000 |  |  |  | 4,864 |  |  |  | 495,136 |  |  |  | 500,000 |  |  |  | 5,716 |  |  |  | 494,284 |
Lazard Group 2029 Senior Notes |  |  | 500,000 |  |  | 3/11/29 |  |  | 4.375 | % |  |  | 500,000 |  |  |  | 4,794 |  |  |  | 495,206 |  |  |  | 500,000 |  |  |  | 5,566 |  |  |  | 494,434 |
Total |  |  |  |  |  |  |  |  |  |  |  | $ | 1,700,000 |  |  | $ | 12,286 |  |  | $ | 1,687,714 |  |  | $ | 1,700,000 |  |  | $ | 14,773 |  |  | $ | 1,685,227 |
(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, 2022 for each of the five years in the period ending December 31, 2027 and thereafter are set forth in the table below.
Year Ending December 31, |  |  |  |
2023 - 2024 |  | $ | - |
2025 |  |  | 400,000 |
2026 |  |  | - |
2027 |  |  | 300,000 |
Thereafter |  |  | 1,000,000 |
Total |  | $ | 1,700,000 |

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