diff --git a/CHANGELOG.md b/CHANGELOG.md
index a0fd4a95..811f140f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,13 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 <!-- ## Unreleased -->
 
+## [0.50.0](https://github.com/carbon-design-system/carbon-components-svelte/releases/tag/v0.50.0) - 2021-11-18
+
+**Features**
+
+- add `target` prop to `ContextMenu` to support custom trigger element(s)
+- pass clicked element as `event.detail` in `ContextMenu` "open" event
+
 ## [0.49.2](https://github.com/carbon-design-system/carbon-components-svelte/releases/tag/v0.49.2) - 2021-11-18
 
 **Fixes**
diff --git a/COMPONENT_INDEX.md b/COMPONENT_INDEX.md
index 04383f3c..878feaa5 100644
--- a/COMPONENT_INDEX.md
+++ b/COMPONENT_INDEX.md
@@ -1,6 +1,6 @@
 # Component Index
 
-> 172 components exported from carbon-components-svelte@0.49.2.
+> 172 components exported from carbon-components-svelte@0.50.0.
 
 ## Components
 
diff --git a/package.json b/package.json
index 1b83e9a6..abf33b16 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "carbon-components-svelte",
-  "version": "0.49.2",
+  "version": "0.50.0",
   "license": "Apache-2.0",
   "description": "Svelte implementation of the Carbon Design System",
   "svelte": "./src/index.js",
diff --git a/preprocess/api.json b/preprocess/api.json
index 177933f1..13e78a88 100644
--- a/preprocess/api.json
+++ b/preprocess/api.json
@@ -1,5 +1,5 @@
 {
-  "version": "0.49.2",
+  "version": "0.50.0",
   "components": {
     "Accordion": {
       "path": "carbon-components-svelte/src/Accordion/Accordion.svelte"