Saudi-based IDB says plans benchmark sukuk issue around May 2015

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* Islamic Development Bank says issue could be around $1.5 bln * Bank plans to go to the market every year * IDB considering whether to guarantee planned Tunisian sukuk By Maja Zuvela SARAJEVO, May 14 (Reuters) - Islamic Development Bank (IDB) , a Jeddah-based multilateral institution, plans to issue a benchmark-sized Islamic bond or sukuk in around May next year, the bank's President Ahmad Mohamed Ali said on Wednesday. In February, IDB, which has a top-**tch AAA rating, priced a $1.5 billion, five-year sukuk, its largest ever Islamic bond. He said that IDB, an international lender which has 56 member states and promotes eco**mic development in Muslim countries, was considering whether to guarantee Tunisia's proposed 700 million dinar ($431.79 million) debut sukuk.

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