Fried Rice, who would not?

Like the other two, this would also be local-currency corporate borrowing, but in global debt markets. Creditors, rather than debtors, will bear the risk of rupiah depreciation. Kartika Wirjoatmodjo, president director of PT Bank Mandiri, the country's largest lender by assets, told me he's exploring the option for PT Jasa Marga Persero, the operator of the Indonesian highway system.

That a toll-road company could become the first issuer of such debt isn't a surprise. From telecom to ports to subways, infrastructure is the most exciting investment opportunity in Indonesia right now. President Joko Widodo is on a building spree, hoping the private sector will follow suit with its own investment plans, something it has been reluctant to do since the China-fueled commodity boom started going bust three years ago.
But that's not stopping Jokowi, as the president is known, from hopping on a dirt bike and driving down a newly built stretch of an ambitious 4,300-kilometer highway in Papua. When completed, the project would make accessible the mountainous terrain of the archipelago's resource-rich but politically restive easternmost province.

Such projects abound in Indonesia, but infrastructure guzzles money. The domestic banking system, coming out of a bad-loan scare triggered by the commodities downturn, is too liquidity-constrained to finance it fully.
So innovative financing options are being considered. State-owned Jasa Marga has already planned to raise up to 3 trillion rupiah ($225 million) via a securitization deal in the third quarter. If everything goes well, before the end of the year Mandiri will help it raise an additional $200 million to $300 million by selling rupiah bonds, which would be listed on the London Stock Exchange.
These nasi goreng notes -- or gado-gado bonds, depending on the first issuer's preferred name -- hold the promise of mouth-watering yields in a country that only recently won a long-delayed investment-grade rating from Standard & Poor's. Jasa Marga's 2020 rupiah securities yield 8.7 percent in the local market. That's 2 percentage points higher than what property developer China Evergrande Group's dollar bonds offer, even though the Chinese property developer is on the second rung of junk, according to a Bloomberg risk metric. Jasa Marga's creditworthiness score is several notches higher.