diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index 74c045f2..a0761283 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -16,37 +16,37 @@ See [UPGRADING.md](UPGRADING.md) for more details.
 * CLI/RPC/Config
 - [cli] Removed `node` `--proxy_app=dummy` option. Use `kvstore` (`persistent_kvstore`) instead.
 - [cli] Renamed `node` `--proxy_app=nilapp` to `--proxy_app=noop`.
-- [config] \#2992 `allow_duplicate_ip` is now set to false
-- [privval] \#1181 Split immutable and mutable parts of `priv_validator.json`
+- [config] [\#2992](https://github.com/tendermint/tendermint/issues/2992) `allow_duplicate_ip` is now set to false
+- [privval] [\#1181](https://github.com/tendermint/tendermint/issues/1181) Split immutable and mutable parts of `priv_validator.json`
   (@yutianwu)
-- [privval] \#2926 Split up `PubKeyMsg` into `PubKeyRequest` and `PubKeyResponse` to be consistent with other message types
-- [privval] \#2923 Listen for unix socket connections instead of dialing them
+- [privval] [\#2926](https://github.com/tendermint/tendermint/issues/2926) Split up `PubKeyMsg` into `PubKeyRequest` and `PubKeyResponse` to be consistent with other message types
+- [privval] [\#2923](https://github.com/tendermint/tendermint/issues/2923) Listen for unix socket connections instead of dialing them
 
 * Apps
 
 * Go API
-- [types] \#2981 Remove `PrivValidator.GetAddress()`
+- [types] [\#2981](https://github.com/tendermint/tendermint/issues/2981) Remove `PrivValidator.GetAddress()`
 
 * Blockchain Protocol
 
 * P2P Protocol
 
 ### FEATURES:
-- [rpc] \#3052 Include peer's remote IP in `/net_info`
+- [rpc] [\#3052](https://github.com/tendermint/tendermint/issues/3052) Include peer's remote IP in `/net_info`
 
 ### IMPROVEMENTS:
-- [consensus] \#3086 Log peerID on ignored votes (@srmo)
-- [docs] \#3061 Added spec on signing consensus msgs at
+- [consensus] [\#3086](https://github.com/tendermint/tendermint/issues/3086) Log peerID on ignored votes (@srmo)
+- [docs] [\#3061](https://github.com/tendermint/tendermint/issues/3061) Added spec on signing consensus msgs at
   ./docs/spec/consensus/signing.md
-- [privval] \#2948 Memoize pubkey so it's only requested once on startup
-- [privval] \#2923 Retry RemoteSigner connections on error
+- [privval] [\#2948](https://github.com/tendermint/tendermint/issues/2948) Memoize pubkey so it's only requested once on startup
+- [privval] [\#2923](https://github.com/tendermint/tendermint/issues/2923) Retry RemoteSigner connections on error
 
 ### BUG FIXES:
 
-- [types] \#2926 Do not panic if retrieving the private validator's public key fails
-- [rpc] \#3053 Fix internal error in `/tx_search` when results are empty
+- [types] [\#2926](https://github.com/tendermint/tendermint/issues/2926) Do not panic if retrieving the private validator's public key fails
+- [rpc] [\#3053](https://github.com/tendermint/tendermint/issues/3053) Fix internal error in `/tx_search` when results are empty
   (@gianfelipe93)
-- [crypto/multisig] \#3102 Fix multisig keys address length
-- [crypto/encoding] \#3101 Fix `PubKeyMultisigThreshold` unmarshalling into `crypto.PubKey` interface
-- [build] \#3085 Fix `Version` field in build scripts (@husio)
-- [p2p/conn] \#3111 Make SecretConnection thread safe
+- [crypto/multisig] [\#3102](https://github.com/tendermint/tendermint/issues/3102) Fix multisig keys address length
+- [crypto/encoding] [\#3101](https://github.com/tendermint/tendermint/issues/3101) Fix `PubKeyMultisigThreshold` unmarshalling into `crypto.PubKey` interface
+- [build] [\#3085](https://github.com/tendermint/tendermint/issues/3085) Fix `Version` field in build scripts (@husio)
+- [p2p/conn] [\#3111](https://github.com/tendermint/tendermint/issues/3111) Make SecretConnection thread safe
diff --git a/version/version.go b/version/version.go
index 3cbdab02..658e0e89 100644
--- a/version/version.go
+++ b/version/version.go
@@ -18,7 +18,7 @@ const (
 	// TMCoreSemVer is the current version of Tendermint Core.
 	// It's the Semantic Version of the software.
 	// Must be a string because scripts like dist.sh read this file.
-	TMCoreSemVer = "0.27.4"
+	TMCoreSemVer = "0.28.0"
 
 	// ABCISemVer is the semantic version of the ABCI library
 	ABCISemVer  = "0.15.0"