Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 2

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 2
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 |     |               | 99.905 | % |     | US$   | 499,525,000 | -1 |     |               | 99.715 | % |     | US$   | 498,575,000 | -1 |
| Underwriting discounts           |     |               |  0.350 | % |     | US$   |   1,750,000 |    |     |               |  0.600 | % |     | US$   |   3,000,000 |    |     |               |  0.650 | % |     | US$   |   3,250,000 |    |
| Proceeds to us (before expenses) |     |               | 99.544 | % |     | US$   | 497,720,000 | -1 |     |               | 99.305 | % |     | US$   | 496,525,000 | -1 |     |               | 99.065 | % |     | US$   | 495,325,000 | -1 |

| (1) | Plus accrued interest, if any, from November 20, 2025, if settlement occurs after that date. |

This prospectus supplement
and the accompanying base prospectus are not intended to constitute an offer to, and the Notes should not be purchased, held or otherwise
acquired by, a “specified foreign entity” as defined in Section 7701(a)(51)(B) of the Internal Revenue Code of 1986,
as amended (an “SFE”). By purchasing the Notes, any investor in the Notes (including all affiliated entities that participate
in such purchase) will be deemed to represent and warrant to us that it is not, and will not be, for its taxable year that includes the
date of the original issuance of the Notes, an SFE.

The underwriters expect to
deliver the Notes to the purchasers in book-entry form through the facilities of The Depository Trust Company and its direct and indirect
participants, including Euroclear Bank S.A./N.V., as operator of the Euroclear System (“Euroclear”), and Clearstream Banking,
société anonyme (“Clearstream”), on or about November 20,
2025.

<div align='center'>Joint Book-Running Managers</div>

| Credit Agricole CIB | Deutsche Bank Securities | MUFG |

| SMBC Nikko |