Cook rice according to package directions, but without salt. Combine butter, ANGOSTURA® orange bitters, salt, nutmeg and cayenne in a small microwaveable bowl or measuring cup. Microwave until butter melts; stir well to dissolve salt.

Transfer hot, cooked rice to a large bowl. Drizzle rice with melted butter mixture, stirring. Fold in coconut, green onion and orange zest. Serve immediately.