Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 20

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 20
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annually
in arrears on
and
of each year, commencing
, 2026 (each, a “2035 Interest Payment Date” and, together with each 2028
Interest Payment Date and each 2031 Interest Payment Date, the “Interest Payment Dates”), to the persons in whose names the
2035 Notes are registered at the close of business on the preceding
or
, respectively. Interest on the 2035 Notes will include accrued interest from and including
the date of issue or from and including the last date in respect of which interest has been paid, as the case may be, to, but excluding,
the applicable 2035 Interest Payment Date, or the date of maturity, as the case may be. Interest on the 2035 Notes will be computed on
the basis of a 360-day year of twelve 30-day months.

If any Interest Payment Date
or the applicable maturity date of the Notes falls on a day that is not a Business Day, the related payment of principal of, premium,
if any, or interest thereon will be postponed to the next succeeding Business Day, and no interest on that payment will accrue for the
period from and after that Interest Payment Date or the applicable maturity date, as the case may be.

Guarantees

Each of the Guarantors fully,
unconditionally, irrevocably, absolutely and jointly and severally guarantees to each Noteholder of each series the due and punctual payment
of the principal of, and premium, if any, and interest on the Notes and all other amounts due and payable by the Corporation under the
Indenture and the Notes, when and as such principal, premium, if any, interest and other amounts shall become due and payable, whether
at the stated maturity or by declaration or acceleration, call for redemption or otherwise, subject to limitations on amount so that such
guarantee does not constitute a fraudulent conveyance or fraudulent transfer under federal or state law, as set forth in the Indenture.
The guarantees of the Notes will be general, unsecured, senior obligations of each of the Guarantors and will rank equally with all other
existing and future unsecured and unsubordinated indebtedness of that Guarantor, other than preferred claims imposed by statute.

<div align='center'>S-13</div>

Pursuant to the Indenture,
the guarantees of either Guarantor will be unconditionally released and discharged automatically upon the occurrence of any of the following