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Borrowings (Tables)
 9 Months Ended
Sep. 30, 2022
Schedule of Long Term Borrowings
The following table sets forth total long-term borrowings as of the
dates indicated:
(Amounts in millions)
  
September 30,
2022
 
  
December 31,
2021
 
Genworth Holdings
  
      
  
      
4.80% Senior Notes, due 2024
   
$
 —       
$
 282  
6.50
% Senior Notes, due 2034
(1)
      298        298  
Floating Rate Junior Subordinated Notes, due 2066
      598        598  
    
 
 
     
 
 
  
Subtotal
      896        1,178  
Bond consent fees
      (10
)
 		      (12
)
 
Deferred borrowing charges
      (6 )       (7
)
 
    
 
 
     
 
 
  
Total Genworth Holdings
      880        1,159  
    
 
 
     
 
 
  
Enact Holdings
  
      
  
      
6.50
% Senior Notes, due 2025
(2)
  
 
750
 
  
 
750
 
Deferred borrowing charges
  
 
(8
)
 
  
 
(10
)
 
 
  
 
 
 
  
 
 
 
Total Enact Holdings
  
 
742
 
  
 
740
 
 
  
 
 
 
  
 
 
 
Total
  
$
1,622
 
  
$
1,899
 
 
  
 
 
 
  
 
 
 
(1)
 
Genworth Holdings has 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)
 
Senior notes issued by Enact Holdings, who has the option to redeem the notes in whole or in part at any time prior to February 15, 2025, by paying a make-whole premium plus accrued and unpaid interest.