diff --git a/.gitignore b/.gitignore
index 7072623..3f964d4 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1 @@
-SOURCES/libpsm2-11.2.185.tar.gz
+SOURCES/libpsm2-11.2.206.tar.gz
diff --git a/.libpsm2.metadata b/.libpsm2.metadata
index 549ff91..a726444 100644
--- a/.libpsm2.metadata
+++ b/.libpsm2.metadata
@@ -1 +1 @@
-725613650b5647ceb7bc5e47a9b9d296bea5d3be SOURCES/libpsm2-11.2.185.tar.gz
+c22fc122ad0ca443c16635edb7058f5594908e0d SOURCES/libpsm2-11.2.206.tar.gz
diff --git a/SPECS/libpsm2.spec b/SPECS/libpsm2.spec
index 1e8308c..25a71e8 100644
--- a/SPECS/libpsm2.spec
+++ b/SPECS/libpsm2.spec
@@ -52,7 +52,7 @@
 #
 Summary: Intel PSM Libraries
 Name: libpsm2
-Version: 11.2.185
+Version: 11.2.206
 Release: 1%{?dist}
 License: BSD or GPLv2
 URL: https://github.com/intel/opa-psm2
@@ -60,7 +60,7 @@ URL: https://github.com/intel/opa-psm2
 # The tarball can be created by:
 # git clone https://github.com/intel/opa-psm2.git
 # cd opa-psm2
-# git checkout 7a33bedc4bb3dff4e57c00293a2d70890db4d983
+# git checkout c3a7d9468d5623c0164b783346bada8664a9a2c9
 # make dist
 Source0: %{name}-%{version}.tar.gz
 
@@ -141,6 +141,10 @@ rm -f %{buildroot}%{_libdir}/*.a
 %endif
 
 %changelog
+* Tue Dec 07 2021 Honggang Li <honli@redhat.com> - 11.2.206-1
+- Rebase to latest upstream release 11.2.206
+- Resolves: bz1989162
+
 * Wed Oct 28 2020 Honggang Li <honli@redhat.com> - 11.2.185-1
 - Rebase to latest upstream release 11.2.185
 - Resolves: bz1821736