Sept 5 (Reuters) - NEXTDC Ltd NXT.AX :
* Capital raising announcement NXT.AX
* Placement to institutional investors ("placement") to raise approximately $50 million at $4.06 per share
* Says NEXTDC expects that the S2 facility will generate returns in excess of the company's cost of capital
* Accelerated non-renounceable pro rata entitlement offer to raise approximately $100 million at $3.74 per new share
* Intends to invest between $140 million to $150 million in the development of S2 across FY 2017 and FY 2018
* Intends to use the proceeds from the capital raising to fund the acquisition of land and the associated development of S2
* Source text for Eikon ID:nASXbcYJFB
*