diff --git a/CHANGES.md b/CHANGES.md
index 03a4c936db..a36018c49b 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,10 @@
+Synapse 1.47.0rc2 (2021-11-10)
+==============================
+
+This release candidate fixes an issue causing the Synapse 1.47.0rc1 Debian packages being marked as a full release, rather than a release candidate.
+It is otherwise identical to 1.47.0rc1.
+
+
 Synapse 1.47.0rc1 (2021-11-09)
 ==============================
 
diff --git a/debian/changelog b/debian/changelog
index b188632c2c..a2fcdfbe92 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,9 @@
+matrix-synapse-py3 (1.47.0~rc2) stable; urgency=medium
+
+  * New synapse release 1.47.0~rc2.
+
+ -- Synapse Packaging team <packages@matrix.org>  Wed, 10 Nov 2021 09:41:01 +0000
+
 matrix-synapse-py3 (1.47.0~rc1) stable; urgency=medium
 
   [ Dan Callahan ]
diff --git a/synapse/__init__.py b/synapse/__init__.py
index 2206942e70..06b179a7e8 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -47,7 +47,7 @@ try:
 except ImportError:
     pass
 
-__version__ = "1.47.0rc1"
+__version__ = "1.47.0rc2"
 
 if bool(os.environ.get("SYNAPSE_TEST_PATCH_LOG_CONTEXTS", False)):
     # We import here so that we don't have to install a bunch of deps when