Abstract: A device for converting an electrical current includes at least one phase module with an AC voltage connection and at least one DC voltage connection, a phase module branch disposed between each DC voltage connection and the AC voltage connection and each phase module branch having a series circuit of submodules, each of which has an energy accumulator and at least one power semiconductor and closed-loop control means for regulating the device. The device can regulate circulating currents in a targeted manner by providing each phase module with at least one inductance and configuring the closed-loop control means to regulate a circulating current that flows through the phase modules.