Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 20

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 20
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 2028 Notes, 2030 Notes, 2035 Notes, 2054 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$400 million. The 2028 Notes will mature on June 20, 2028 and will bear interest at a rate of 4.600% per annum,
payable semi-annually in arrears on June 20 and December 20 of each year, commencing December 20, 2025 (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 June 5
or December 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.

| S-13 |

The 2030 Notes will be
issued as a series of debt securities under the Indenture in an aggregate principal amount of US$600 million. The 2030 Notes will
mature on June 20, 2030 and will bear interest at a rate of 4.900% per annum, payable semi-annually in arrears on June 20 and
December 20 of each year, commencing December 20, 2025 (each, a “2030 Interest Payment Date”), to the persons in whose
names the 2030 Notes are registered at the close of business on the preceding June 5 or December 5, respectively. Interest on the
2030 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 2030 Interest Payment Date, or the date of
maturity, as the case may be. Interest on the 2030 Notes will be computed on