Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 52

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 52
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 in respect of the acquisition, holding, redemption
or disposition of a Note by a Non-Resident Holder, or the receipt of interest, principal or premium thereon by a Non-Resident Holder solely
as a consequence of such acquisition, holding, redemption or disposition of a Note.

<div align='center'>S-37

Underwriting</div>

Credit Agricole Securities
(USA) Inc., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Truist Securities, Inc.
are acting as representatives of the underwriters named below.

Subject to the terms and conditions
stated in the underwriting agreement dated the date of this prospectus supplement, each underwriter named below has severally and not
jointly agreed to purchase, and we have agreed to sell to that underwriter, the principal amount of Notes set forth opposite such underwriter’s
name.

| Underwriter                         |     | Principal     
 Amount        
 of 2028 Notes |     | Principal     
 Amount        
 of 2031 Notes |     | Principal     
 Amount        
 of 2035 Notes |
| Credit Agricole                     
 Securities (USA) Inc.               |     | US$           |     | US$           |     | US$           |
| Deutsche Bank Securities Inc.       |     |               |     |               |     |               |
| MUFG Securities Americas Inc.       |     |               |     |               |     |               |
| SMBC Nikko Securities America, Inc. |     |               |     |               |     |               |
| Truist Securities, Inc.             |     |               |     |               |     |               |
| Total                               |     | US$           |     | US$           |     | US$           |

The underwriting agreement
provides that the obligations of the underwriters to purchase the Notes included in this offering are subject to approval of legal matters
by counsel and to other conditions. The underwriters are obligated to purchase all the Notes if they purchase any of the Notes. The underwriters
reserve the right to cancel, reject or modify an order of Notes in whole or in part.

The underwriters propose to
offer the Notes directly to the public at the public offering price set forth on the cover page of this prospectus supplement and
may offer the Notes to dealers at the public offering price less a concession not to exceed %
of the principal amount of the 2028 Notes, % of the principal