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1
Preheat the oven to 375 degrees F.
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2
Bring the water to a boil in a medium sized, heavy, ovenproof saucepan.
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3
Add the rice, cover, and simmer for 20 minutes, until rice is nearly cooked.
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4
In a large bowl, whisk the soymilk, sugar, and salt.
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5
When the rice is cooked and still hot, add the soymilk mixture and cinnamon stick.
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6
Cover, place in the oven and cook for 45 minutes.
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7
Remove from the oven, uncover, and remove the cinnamon stick.
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8
Stir in the vanilla, cinnamon and nutmeg.
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9
Pudding will be slightly liquidy; the liquid will continue to absorb into the rice and thicken as the pudding cools.
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10
Distribute among 8 bowls, drizzle each with 1 teaspoon of the condensed milk.
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11
Dust with cinnamon and nutmeg, if desired.
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12
Serve warm or at room temperature.
