Alphabet Inc., parent company of Google, is offering about $4 billion of US high-grade corporate bonds on Monday, according to people with knowledge of the matter.

Google parent Alphabet unveiled a $70 billion share buyback and beat quarterly revenue estimates on Thursday, benefiting from steady growth in its digital advertising business.

Shares of Google parent Alphabet climbed Friday as several analysts raised their price targets for the stock after the tech titan delivered better-than-expected quarterly results and touted the early success of AI features.