diff --git a/Makefile b/Makefile
index e7370813..6575325e 100644
--- a/Makefile
+++ b/Makefile
@@ -8,7 +8,7 @@ MAKEFLAGS += -j$(NPROCS)
 
 CURRENT_VERSION_MAJOR = 1
 CURRENT_VERSION_MINOR = 27
-CURRENT_VERSION_BUG = 2
+CURRENT_VERSION_BUG = 3
 
 GIT_DESCRIBE := $(shell git describe)
 GITHUB_HEAD_REF ?= $(shell git branch --show-current)