Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 20

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 20
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.S. dollars in the manner and on terms set out in the Indenture.Payments of principal of, and premium, if any, and interest on, the Notes will be made by the Corporation through the Trustee to the Depositary. See “— Book-Entry System”in this prospectus supplement.

“Business Day”
means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the City of New York
and in the applicable Place of Payment (as defined in the Indenture), if other than the City of New York, are authorized or obligated
by law or executive order to close. The initial Place of Payment for the Notes will be the Trustee’s corporate trust office in The
City of New York.

The Corporation may, at any
time, and from time to time in accordance with the terms of the Indenture, issue additional Notes of any series in unlimited amounts having
the same terms as the 2028 Notes, the 2031 Notes or the 2035 Notes, as the case may be, and such additional Notes will, together with
the then outstanding 2028 Notes, 2031 Notes or 2035 Notes, as the case may be, and any notes which may be issued in exchange or substitution
therefor, constitute a single series of notes under the Indenture.

Principal and Interest

The 2028 Notes will be issued as a series of debt securities under
the Indenture in an aggregate principal amount of US$500 million. The 2028 Notes will mature on November 20, 2028 and will bear
interest at a rate of 4.200% per annum, payable semi-annually in arrears on May 20 and November 20 of each year, commencing May 20,
2026 (each, a “2028 Interest Payment Date”), to the persons in whose names the 2028 Notes are registered at the close of business
on the preceding May 5 or November 5, respectively. Interest on the 2028 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
2028 Interest Payment Date, or the date of maturity, as the case may be. Interest on the 2028 Notes will be computed on the basis of a
360-day year of twelve 30-day months