These were the worst performing ASX 200 shares last week 3 April 2021

Last week the S&P/ASX 200 Index (ASX: XJO) bounced back from a poor start to end the period flat at 6,828.7 points

Acting as a drag on proceedings last week were the shares listed below. Here’s why they were the worst performers on the ASX 200:

The Webjet share price was the worst performer on the ASX 200 last week with a 7.9% decline. The online travel agent’s shares came under pressure after the announcement of a convertible note offering to raise $250 million. The net proceeds from the offering will be used to repay $43 million of Webjet’s existing term debt, fund potential acquisitions, and for capital management or general corporate purposes. Investors appear disappointed that the company is raising funds and diluting…