Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 80

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 80
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ovenants described in this Prospectus applicable to the debt securities of the series; |

| ● | if the debt securities are to be subordinated to other of the Corporation’s obligations, the terms of the subordination and 
 any related provisions;                                                                                                     |

| ● | whether the debt securities will be convertible into securities or other property, including the Corporation’s common stock              
 or other securities, whether in addition to, or in lieu of, any payment of principal or other amount or otherwise, and whether at the    
 option of the Corporation or otherwise, the terms and conditions relating to conversion of the debt securities, and any other provisions 
 relating to the conversion of the debt securities;                                                                                       |

| ● | the obligation, if any, of the Corporation to pay to holders of any debt securities of the series amounts as may be necessary so that      
 net payments on the debt security, after deduction or withholding for or on account of any present or future taxes and other governmental  
 charges imposed by any taxing authority upon or as a result of payments on the securities, will not be less than the gross amount provided 
 in the debt security, and the terms and conditions, if any, on which the Corporation may redeem the debt securities rather than pay such   
 additional amounts;                                                                                                                        |

| ● | whether the Corporation will undertake to list the debt securities of the series on any securities exchange or automated interdealer 
 quotation system;                                                                                                                    |

| ● | whether the debt securities of the series will be guaranteed by either or both Guarantors; and |

| ● | any other terms of the series of debt securities. |

Unless otherwise indicated in the applicable Prospectus
Supplement, the Indenture does not afford the holders the right to tender debt securities to Enbridge for repurchase or provide for any
increase in the rate or rates of interest at which the debt securities will bear interest in the event Enbridge should become involved
in a highly leveraged transaction or in the event of a change in control of Enbridge.

<div align='center'>7</div>

Debt securities may be issued under the Indenture
bearing no interest or interest at a rate below the prevailing market rate at the time of issuance, and may be offered and sold at a
discount below their stated principal amount. The Canadian and United States federal income tax consequences and other special considerations
applicable to any such discounted debt securities or other debt securities offered and sold at par which are treated as having been issued
at a discount for Canadian and/or United States federal