Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 55

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 55
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 transactions. The underwriters may conduct these transactions in the over-the-counter market or otherwise. If the underwriters commence any of these transactions, they may discontinue them at any time. There will be no obligation onCredit Agricole Securities (USA) Inc., Deutsche Bank Securities
Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Truist Securities, Inc. to engage in these activities.

Each series of the Notes is
a new issue of securities with no established trading market. The Notes will not be listed on any automated dealer quotation system, and
we do not intend to apply for listing of the Notes on any securities exchange. We have been advised that the underwriters currently intend
to make a market in the Notes. However, they are not obligated to do so, and they may discontinue any market-making activities with respect
to the Notes at any time without notice. No assurance can be given as to the liquidity of the trading market for the Notes or that an
active public market for the Notes will develop. If an active public trading market for the Notes does not develop, the market price and
liquidity of the Notes may be adversely affected.

The following table shows
the underwriting discounts and commissions that we will pay the underwriters in connection with this offering (expressed as a percentage
of the principal amount of the Notes).

|               |     | Paid by  
 Enbridge |       |   |
| Per 2028 Note |     |          | 0.350 | % |
| Per 2031 Note |     |          | 0.600 | % |
| Per 2035 Note |     |          | 0.650 | % |

We estimate that our total
expenses for this offering, excluding underwriting discounts and commissions, will be US$2,068,000.

The underwriters or their
respective affiliates perform and have performed commercial banking, investment banking and advisory services for us from time to time
for which they receive and have received customary fees and expenses. The underwriters and their affiliates may, from time to time, engage
in transactions with and perform services for us in the ordinary course of their business. In addition, in the ordinary course of their
business activities, the underwriters and their affiliates may make or hold a broad array of investments and actively trade debt and equity
securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts
of their