diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index 9418ef666..284bd57c7 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -5,6 +5,6 @@ from fontTools.misc.loggingTools import configLogger
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "3.26.1.dev0"
+version = __version__ = "3.27.0"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index e8ff3680b..467383f52 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+3.27.0 (released 2018-06-11)
+----------------------------
+
 - [designspaceLib] Added new ``conditionSet`` element to ``rule`` element in
   designspace document. Bumped ``format`` attribute to ``4.0`` (previously,
   it was formatted as an integer). Removed ``checkDefault``, ``checkAxes``
diff --git a/setup.cfg b/setup.cfg
index e6d82a552..18623c4da 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 3.26.1.dev0
+current_version = 3.27.0
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 9504f8e6e..30abba66e 100755
--- a/setup.py
+++ b/setup.py
@@ -309,7 +309,7 @@ def find_data_files(manpath="share/man"):
 
 setup(
 	name="fonttools",
-	version="3.26.1.dev0",
+	version="3.27.0",
 	description="Tools to manipulate font files",
 	author="Just van Rossum",
 	author_email="just@letterror.com",