Always a fan of Placebo, but I wouldn't claim to much more than "broadly familiar" with Indochine. Non-anglophone bands have a hard time of things in the UK, much more so than the other way around - probably down to simple volume of choice.
Whilst everyone was arguing "Blur or Oasis" I was sitting there quite liking both, but more interested in comparing Placebo and Suede
My memory was that Molko wrote Pink Water for Indochine, but the labels wouldn't let him feature on it - but memory is absolutely fallible.
I know there's a #1, #2 and #3 of Pink Water, but not if any are purely in English.
As a fan of Placebo, the text of that B-side above isn't all that shocking; it's the juxtaposition with the music itself - I love songs with that weird disconnect that feel like they'd mean something completely different if you weren't listening to the lyrics themselves - other examples being, famously "Every Breath You Take"; or Hate by Cinerama
ETA:
ETA2: given that you also seem to like the Pixies (there don't seem to be many of us):
And whilst I'm on a Placebo trip - I love this slightly unexpected collaboration: