Greece has secured financial aid worth €109 billion from the European Union (EU), Financial Times reports. As part of the bail-out from international lenders, private bondholders will be asked to participate and contribute another €37 billion.

The three-year program will include bondholder commitments to either exchange or rollover debt for new bonds that mature in 30 years. The agreement also includes a commitment from European leaders to support Greece until it is able to return to the financial markets.

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