Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 53

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 53
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 amount of the
2031 Notes and % of the principal amount of the 2035 Notes. The underwriters
may allow, and dealers may reallow, a concession not to exceed % of the principal
amount of the 2028 Notes, % of the principal amount of the 2031 Notes and %
of the principal amount of the 2035 Notes. After the initial offering of the Notes to the public, the representatives may change the public
offering price, concessions and other selling terms.

In connection with this offering,
each of Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc.
and Truist Securities, Inc., on behalf of the underwriters, may purchase and sell Notes in the open market. These transactions may
include over-allotment, syndicate covering transactions and stabilizing transactions. Over-allotment involves syndicate sales of the Notes
in excess of the principal amount of the Notes to be purchased by the underwriters in this offering, which creates a syndicate short position.
Syndicate covering transactions involve purchases of the Notes in the open market after the distribution has been completed in order to
cover syndicate short positions. Stabilizing transactions consist of certain bids or purchases of Notes made for the purpose of preventing
or retarding a decline in the market price of the Notes while this offering is in progress.

<div align='center'>S-38</div>

Any of these activities may have the effect of preventing or retarding a decline in the market price of the Notes. They may also cause the price of the Notes to be higher than the price that otherwise would exist in the open market in the absence of these 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