Lazard to redeem remaining $85.39 million 7.125% notes at 109.022

By Marisa Wong

Madison, Wis., Dec. 13 - Lazard Ltd. subsidiary Lazard Group LLC will redeem in full its outstanding 7.125% senior notes due May 15, 2015 on Dec. 16 at 109.022, according to a notice.

The outstanding principal amount of the bonds is $85,389,000.

Lazard completed a tender offer for the bonds on Nov. 14, accepting $443,111,000 of the $528.5 million 7.125% notes for purchase. The company issued a make-whole call for the remaining notes but had not yet announced the redemption price.

Lazard is a New York-based financial advisory and asset management firm.

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