diff --git a/CHANGES.rst b/CHANGES.rst
index 265d0bfd..861ff360 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,7 +1,7 @@
 Changelog
 =========
 
-5.0.7 (unreleased)
+5.0.8 (unreleased)
 ------------------
 
 Minor changes:
@@ -18,9 +18,15 @@ New features:
 
 Bug fixes:
 
-- to_ical() now accepts RRULE BYDAY values>=10 #518
 - ...
 
+5.0.7 (2023-05-29)
+------------------
+
+Bug fixes:
+
+- to_ical() now accepts RRULE BYDAY values>=10 #518
+
 
 5.0.6 (2023-05-26)
 ------------------
diff --git a/docs/install.rst b/docs/install.rst
index f4650574..70b13243 100644
--- a/docs/install.rst
+++ b/docs/install.rst
@@ -112,7 +112,7 @@ Try it out:
     Type "help", "copyright", "credits" or "license" for more information.
     >>> import icalendar
     >>> icalendar.__version__
-    '5.0.6'
+    '5.0.7'
 
 Building the documentation locally
 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
diff --git a/src/icalendar/__init__.py b/src/icalendar/__init__.py
index 84e6af2a..a02e7d7c 100644
--- a/src/icalendar/__init__.py
+++ b/src/icalendar/__init__.py
@@ -1,4 +1,4 @@
-__version__ = '5.0.6'
+__version__ = '5.0.7'
 
 from icalendar.cal import (
     Calendar,