Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 21

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 21
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<div align='center'>S-12</div>

The 2031 Notes will be issued
as a series of debt securities under the Indenture in an aggregate principal amount of US$500 million. The 2031 Notes will mature on February 15,
2031 and will bear interest at a rate of 4.500% per annum, payable semi-annually in arrears on February 15 and August 15 of each
year, commencing February 15, 2026 (each, a “2031 Interest Payment Date”), to the persons in whose names the 2031 Notes are
registered at the close of business on the preceding February 1 or August 1, respectively. Interest on the 2031 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 2031 Interest Payment Date, or the date of maturity, as the case may be. Interest on the 2031
Notes will be computed on the basis of a 360-day year of twelve 30-day months.

The 2035 Notes will be issued
as a series of debt securities under the Indenture in an aggregate principal amount of US$500 million. The 2035 Notes will mature
on November 20, 2035 and will bear interest at a rate of 5.200% per annum, payable semi-annually in arrears on May 20 and November
20 of each year, commencing May 20, 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 May 5 or November 5, 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