diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 273269a..f9c23bb 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 5.15.3
+current_version = 5.16.0
 commit = True
 message = Update version numbers from {current_version} -> {new_version} [skip ci]
 
diff --git a/README.md b/README.md
index 59c0e18..d401da6 100644
--- a/README.md
+++ b/README.md
@@ -6,7 +6,7 @@
 [![CLA assistant](https://cla-assistant.io/readme/badge/ibm/go-sdk-core)](https://cla-assistant.io/ibm/go-sdk-core)
 
 
-# IBM Go SDK Core Version 5.15.3
+# IBM Go SDK Core Version 5.16.0
 This project contains core functionality required by Go code generated by the IBM Cloud OpenAPI SDK Generator
 (openapi-sdkgen).
 
diff --git a/core/version.go b/core/version.go
index 0f18c70..c8672de 100644
--- a/core/version.go
+++ b/core/version.go
@@ -15,4 +15,4 @@ package core
 // limitations under the License.
 
 // Version of the SDK
-const __VERSION__ = "5.15.3"
+const __VERSION__ = "5.16.0"