diff --git a/CHANGELOG.md b/CHANGELOG.md
index 118857d16..25c17d987 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,19 @@
 
 [1]: https://www.npmjs.com/package/release-please?activeTab=versions
 
+## [16.2.0](https://github.com/googleapis/release-please/compare/v16.1.0...v16.2.0) (2023-11-08)
+
+
+### Features
+
+* Allow customizing PR body footer ([#2115](https://github.com/googleapis/release-please/issues/2115)) ([43014a1](https://github.com/googleapis/release-please/commit/43014a1f15d3640d67cb90cbf3047919facfa53e))
+
+
+### Bug Fixes
+
+* Correctly parse standalone prerelease PR body ([#2123](https://github.com/googleapis/release-please/issues/2123)) ([5ee9e3e](https://github.com/googleapis/release-please/commit/5ee9e3e9ae292dc4128717c3d5924da93b3bb670))
+* Set PR labels serially ([#2122](https://github.com/googleapis/release-please/issues/2122)) ([bf58911](https://github.com/googleapis/release-please/commit/bf58911d989f08abe3105309b6e6f918186e1125))
+
 ## [16.1.0](https://github.com/googleapis/release-please/compare/v16.0.0...v16.1.0) (2023-10-26)
 
 
diff --git a/package-lock.json b/package-lock.json
index f98e30e20..fc8afc3c0 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "release-please",
-  "version": "16.1.0",
+  "version": "16.2.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "release-please",
-      "version": "16.1.0",
+      "version": "16.2.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@conventional-commits/parser": "^0.4.1",
diff --git a/package.json b/package.json
index 1d3c5a32b..10e86ade5 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "release-please",
-  "version": "16.1.0",
+  "version": "16.2.0",
   "description": "generate release PRs based on the conventionalcommits.org spec",
   "main": "./build/src/index.js",
   "bin": "./build/src/bin/release-please.js",