Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Long Term Borrowings

The following table sets forth total long-term borrowings as of the dates indicated:

(Amounts in millions)	March 31, 2020			December 31, 2019
Genworth Holdings (1)
7.70% Senior Notes, due 2020	$	—		$	397
7.20% Senior Notes, due 2021		378			382
7.625% Senior Notes, due 2021		691			701
4.90% Senior Notes, due 2023		399			399
4.80% Senior Notes, due 2024		400			400
6.50% Senior Notes, due 2034		297			297
Floating Rate Junior Subordinated Notes, due 2066		598			598
Subtotal		2,763			3,174
Bond consent fees		(23	)		(25	)
Deferred borrowing charges		(11	)		(12	)
Total Genworth Holdings		2,729			3,137
Australia (2)
Floating Rate Junior Subordinated Notes, due 2025		122			140
Total Australia		122			140
Total	$	2,851		$	3,277

(1) We have the option to redeem all or a portion of the senior notes at any time with notice to the noteholders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread.

(2) Subordinated floating rate notes issued by Genworth Financial Mortgage Insurance Pty Limited, our indirect majority-owned subsidiary, who has the option to redeem the notes at face value beginning on July 3, 2020, subject to the Australian Prudential Regulation Authority’s prior written approval.